Case Study: My Experience With Trade

Case Study: My Experience With Trade

Why do Most of the People Advocate for Fair Trade

One thing that you should know with fair trade is that it is a social movement whose main objective is to make the producers are developing countries to achieve a fair trading condition. One thing that you should know is that without fair trade it will seem like a father fighting with his 3 years old son of which the son will not have any chance of winning. To help this situation, the members of this organization have decided to advocate for higher payment to the exporters as well as improved social and environmental values. Here are some of the benefits of fair trade that you need to know.

To start with, fair trade is beneficial since it boosts the income of traders. One way of doing this is by reducing the distribution channels that are involved in marketing goods making the producers get a larger share from the price of goods, not from the distribution. Not only that but the prices of the goods are also paid at an agreed and guaranteed fair price for the producers and manufacturers.

Besides, this is also essential in boosting their living standards, This is because both farmers and workers now have an extra income. I can honestly say that the price of a specific good is computed to cover production cost as well as providing means of livelihood. The good news is that they also include premium that can be used to fund development projects one of them being schools among others.

Most of the people are into fair trade since it involves protection of the environment. It is essential to note that the fair trade certification that is used to manufacture the product does not only show where the goods come from and who benefits from it but it also shows how the good was made and manufactured. You find that with this, the consumers will be satisfied with the products knowing that the goods are safe and this can make them make more purchase.

Besides, this is also beneficial since it allows the farmers to have a stronger foothold in the world market. You find that with a fair trade the farmers will have the opportunity to deal directly with the buyers as this will allow them to get better prices for their products in the market.

Also, fair trade provides a closer link between producers and consumers. You find that nowadays most of the consumers are environmentally conscious and they would want to know more about their products. Besides, they will also like to know what primary producers are earning. You find that this is essential as it will make the farmers feel satisfied with their payment and the consumers will also feel satisfied with the quality.

Understanding Trade

Understanding Trade

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