Agreements between producers of raw materials and manufacturers of consumer products--to return a larger share of final prices to original producers--are referred to as ______.

Question

Quizplus · Accepted Answer

Fair trade agreements are designed to ensure that producers of raw materials, often in developing countries, receive a fairer share of the profits from the sale of goods made from those materials. This contrasts with traditional trade practices where the majority of economic benefits are often captured by manufacturers and retailers in wealthier nations.

Agreements Between Producers of Raw Materials and Manufacturers of Consumer