Fair-Trade Agreement
Definition:
A "fair-trade agreement" is a type of agreement that is made to ensure that producers (like farmers or workers) are paid fairly for their goods. It often helps people in developing countries by allowing them to sell their products at a price that covers their costs and allows them to live better lives.
Usage Instructions:
Noun: Use "fair-trade agreement" when talking about the arrangement that benefits producers and encourages sustainable practices.
Example: "The coffee shop signed a fair-trade agreement to help local farmers get a better price for their coffee beans."
Advanced Usage:
In a more complex context, you might discuss the impact of fair-trade agreements on global trade or their role in ethical consumerism.
Word Variants:
Fair Trade (n.): Refers to the overall movement or concept of fair trade practices.
Fairly (adv.): In a just or equitable manner.
Trade (n.): The action of buying and selling goods and services.
Different Meanings:
While "fair-trade agreement" typically refers to agreements benefiting producers, "fair trade" alone can also refer to the broader ethical practice of trading that values equity and sustainability.
Synonyms:
Related Idioms & Phrasal Verbs:
"Level the playing field": This idiom means to make things fair for everyone. In the context of fair-trade agreements, it implies providing equal opportunities for producers.
"Trade off": This phrasal verb means to give up one thing in exchange for another. In discussions about fair trade, it might refer to balancing profit with ethical practices.
Summary:
A "fair-trade agreement" is important in promoting fairness and sustainability in trade, especially for those who may not have equal opportunities in the market.