- fair trade
- noun1. trade that satisfies certain criteria on the supply chain of the goods involved, usually including fair payment for producers; often with other social and environmental considerations• Hypernyms: ↑trade2. trade that is conducted legally• Hypernyms: ↑trade
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noun: trade in conformity with a fair-trade agreementa fair-trade product
abandonment of price fixing in small home appliances was a staggering blow to fair trade — A.R.Zipser
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trade carried on under a fair-trade agreement.[1715-25]* * *
fair trade noun1. A system of trade involving the payment of fair prices for goods produced in developing countries2. Smuggling (old; euphemistic)3. A mild form of the protective system, in which the basis of economic policy is supposed to be reciprocity or free trade only with such nations as grant similar privileges• • •Main Entry: ↑fair* * *
the principle of charging a price for goods that does not put producers in developing countries (=poorer countries with less industry) at a disadvantage http://www.macmillandictionary.com/med2cd/weblinks/fair-trade.htm* * *
fair trade,the marketing of trademarked goods in accordance with a fair trade agreement.–v.t.1. to set a minimum retail price on (a trademarked product).2. to sell (a trademarked product) in accordance with a fair trade agreement.–fair´-trad´er, noun.–adj.produced according to a business ideal that guarantees certain standards relative to the growers or producers of goods, such as a living wage and decent working conditions, especially involving imports from less-developed countries. »fair-trade coffee; fair-trade sugar. Shoppers at the Portland co-op didn't balk at paying higher prices for fair-trade coconut.
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n.1) trade carried on legally2) trade in which fair prices are paid to producers in developing countries
Useful english dictionary. 2012.
