FairTrade
fairtrade is an economic agreement between more economically developed countries (medcs) and third world countries, which ensures third world producers get a better/fairer trade (hence the name)for their products.
before fairtrade came into play, cocoa beans from ecuador used to be 1p for a tonne, but now they are £100 per gram!
(exageration) :p
2 more definitions
add your own
2
when a manufacturer slightly increases what they paid a producer to allow them to greatly increase the price they charge you.
this is fairtrade chocolate, you’re paying alot more for it but you can feel good about it.
3
used as a subst-tute for phrases such as “fair play”, “fair enough” and “oh okay then”. also helps to promote fair trade foods.
john: i’m not coming tonight; the football’s on.
mary: fair trade.
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