| FAIR TRADE | UNFAIR TRADE |

Alright shantell, let's break down these trade questions.

Here are two differences between fair and unfair trade:

FAIR TRADE	UNFAIR TRADE
1. Ensures producers receive equitable prices for their goods, covering production costs and allowing for a living wage.	1. Producers often receive very low prices for their goods, especially raw materials, which do not cover production costs or provide a living wage.
2. Promotes sustainable environmental practices and safe working conditions for laborers.	2. Often involves exploitation of labor (e.g., low wages, poor conditions) and can lead to environmental degradation due to lack of regulation.

To stop unfair trade and make trade more beneficial, South Africa must invest in industrialization and manufacturing. By processing its own raw materials into finished or semi-finished goods before exporting them, South Africa can add significant value to its products. This strategy reduces reliance on exporting cheap raw materials and allows the country to capture a larger share of the global value chain, leading to higher export revenues and economic growth.

Trading has several impacts on South Africa's economy:

• It provides access to a wider variety of goods and services that are not produced domestically, improving consumer choice and potentially lowering prices.
• It can stimulate economic growth by opening up new markets for South African products and attracting foreign investment.
• If trade is fair and involves value-added exports, it can lead to job creation in manufacturing and related sectors, and facilitate the transfer of technology and skills.
• However, if trade is primarily focused on exporting raw materials, it can make the economy vulnerable to global commodity price fluctuations and hinder industrial development.