SOS - definitions: Fair trade

Fair trade

A way of buying and selling products that makes sure the producers are treated fairly and paid properly

Trade

The buying or selling of goods and services between people or countries

Interdependent

When two or more people, groups or countries rely on each other for goods, services or help

Globalisation

The process by which the world becomes more connected through trade, communication and travel

Free trade

trade between countries without fees or taxes on imports and exports

Primary sector

The part of the economy which takes raw materials from nature, such as farming, fishing, or mining

Secondary sector

The part of the economy which makes things from raw materials, like factories turning wool into clothing

Tertiary sector

The part of economy that provide services instead of goods, like teachers, doctors and shops

Sweatshop

a factory where workers are paid very little and work in very unsafe and poor conditions

cooperative

a business or farm which is owned by the people who work or live there, who share profits fairly

Subsistence farming

people who grow food for themselves or family, not to sell

cash crops

crops grown only to sell, not for their own use, such as cocoa or coffee

import

to bring goods into the country from another country to sell

export 

to send goods to another country to sell there

equity

fairness and justice to make sure everyone has what they need to have the same chances

fairness

treating people equally and honest

marketing

the process of promoting and selling products, including advertising and pricing

developing

a country which is still growing its economy and improving living conditions

developed

a country with a good living economy, high infrastructure and high living standards

explotation

treating someone unfairly to benefit from their work or resources