We read your photo as:
Define Fair trade (9.1)
ScanSolve AI Answer
Step-by-step solution
3 stepsDefine Fair trade (9.1)
Fair trade is a system of trade where producers in developing countries are paid a fair price for their products, ensuring fair wages and safe working conditions. It also promotes social and environmental standards, often investing in community development like healthcare and education, and prohibits child labor.
Define Unfair trade (9.2)
Unfair trade is a system where producers, often in developing countries, receive low wages for their work, leading to poverty and inequality. It often involves poor working conditions, lack of skill development, and the use of child labor, hindering a country's ability to provide essential services.
Differentiate between Fair Trade and Unfair Trade (9.3)
FAIR TRADE UNFAIR TRADE • Workers are paid fair wages. • Workers receive low wages. • Traders pay a fair price for crops. • Encourages inequality and poverty. • No children are allowed to work; they go to school. • Uses child workers. • Working conditions are safe and healthy. • People do not develop skills. • Money goes towards health care and education. • Poor people do not have enough money for services.
Still stuck on this one?
Ask a follow-up, and the answer starts from this question.
More Economics Questions

Handwritten Step-by-Step Solution
Get this as a handwritten image on WhatsApp — like a tutor wrote it for you.
Try on WhatsApp