Define Fair trade (9.1)

Fresh day Lizzy, let's solve. Step 1: Define 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. Step 2: 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. Step 3: 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. | Drop the next question 📸