Fairtrade
(noun)
A social movement and certification system that promotes equitable trade between producers and consumers, typically in developing countries.
Origin:
The word is derived from the phrase 'fair trade', which refers to the practice of paying a fair price for goods and services, especially in relation to the international trade of products from developing countries.
Examples:
- The coffee was certified fairtrade, which meant that the farmers who grew it were paid a fair price.
- The fairtrade movement has gained a lot of popularity in recent years.
- The fairtrade logo can be found on products that meet specific standards for ethical and sustainable production.
- Many consumers choose to buy fairtrade products to support workers in developing countries.
- The fairtrade system helps to ensure that farmers receive a fair price for their crops, regardless of fluctuations in the market.