๐ Topic Summary
Fair Trade is a system designed to help producers in developing countries achieve better trading conditions and promote sustainability. It focuses on fair prices, decent working conditions, local sustainability, and fair terms of trade for farmers and workers. Essentially, it's about ensuring that the people who grow our coffee, make our clothes, and produce many other goods are treated ethically and receive a fair share of the profits. This helps to alleviate poverty and promotes economic empowerment in marginalized communities.
๐ค Part A: Vocabulary
Match the following terms with their definitions:
| Term |
Definition |
| 1. Fair Price |
A. Environmentally sound farming methods that protect ecosystems. |
| 2. Direct Trade |
B. A price that covers the cost of sustainable production and living. |
| 3. Premium |
C. Buying directly from producers, cutting out intermediaries. |
| 4. Sustainable Farming |
D. Additional funds invested in community development projects. |
| 5. Empowerment |
E. Increasing the economic and social strength of marginalized people. |
โ๏ธ Part B: Fill in the Blanks
Fill in the blanks with the correct words from the list: workers, standards, development, price, environment.
Fair Trade aims to improve the lives of __________ by ensuring they receive a fair _________ for their products. It also promotes sustainable __________ and protects the __________. Fair Trade organizations adhere to certain __________ to ensure ethical practices and community __________.
๐ค Part C: Critical Thinking
How does Fair Trade benefit both consumers and producers, and what are some potential challenges to implementing Fair Trade practices on a global scale?
