fair trade practices
Equitable business standards
Fair trade practices are business standards ensuring equitable treatment of producers, workers, and trading partners.
The term covers two distinct domains: in international development, fair trade certifies that goods like coffee or chocolate were produced under humane conditions with living wages; in commerce law, fair trade practices are regulations preventing deceptive advertising, price-fixing, and other anti-competitive behavior.
The company was fined for violating fair trade practices.
- fair pricingReasonable cost for goods
- gender equalityEqual treatment regardless sex
- worker rightsLegal protections for employees
- living wagesIncome meeting basic needs
- traceability systemsMethods for following item histories
sustainable sourcing · transparency · workplace safety · organic farming · collective bargaining · poverty alleviation · whistleblower protections · anti-discrimination policies · coffee beans · wealth redistribution · consumer education · unionization · sustainability · community engagement · stakeholder engagement · label · ethical shopping · conscious consumer
fair trade practicesexploitation
Selfish use of others
labor exploitation · sweatshop labor · worker exploitation · unfair wages · modern slavery
fair trade practicesprice gouging
Excessive pricing during crises
profiteering · predatory pricing · extortion · usury · price fixing
fair trade practicesunfair competition
Deceptive marketplace practices
dumping · market rigging · bid rigging · restraint of trade · collusion