On November 15, 1988, the first fair-trade label, Max Havelaar, was launched in Utrecht, Netherlands. A fair-trade label recognizes the good was produced using fair prices, sustainable farming practices, and safe working conditions, usually in the developing world.Fair-trade standards are not universal, but generally fall into two categories. The first recognizes democratic decision-making in small farms. The second recognizes fair wages and working conditions in industrial agribusinesses. Fair-trade goods are most often exported to the developed world, but can also be consumed in the region in which they are produced.Fair-trade goods usually refer to agricultural goods, such as coffee or tea. Coffee farmers in Mexico were among the first to join fair-trade cooperatives. Other producers of raw materials, such as cocoa farmers in Ghana, are also part of the fair-trade movement. Finished goods, such as textiles, can also earn a fair-trade label. Cotton growers and manufacturers from India to Egypt, for instance, are part of fair-trade businesses.
Term Part of Speech Definition Encyclopedic Entry agribusiness Noun
the strategy of applying profit-making practices to the operation of farms and ranches.
sale of goods and services, or a place where such sales take place.
to use up.
business owned and operated by a small group of people for their own benefit. Also called a co-op.
having to do with a government led by its citizens, who vote for policies and/or representatives.
developing world Noun
nations with low per-capita income, little infrastructure, and a small middle class.
to transport goods to another place for trade.
having to do with sales that support farmers in developing countries and promote sustainable farming practices.
land cultivated for crops, livestock, or both.
object or service that serves a human need or want.
having to do with factories or mechanical production.
to start or instigate.
to make or produce a good, usually for sale.
raw material Noun
matter that needs to be processed into a product to use or sell.
to identify or acknowledge.
to direct attention to something.
any area on Earth with one or more common characteristics. Regions are the basic units of geography.
Encyclopedic Entry: region sustainable Adjective
able to be continued at the same rate for a long period of time.
cloth or other woven fabric.
used or understood everywhere.
money paid to a person for providing goods or services.