It is where producers get a fair price for thier goods
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What is good and about Fairtrade?
It helps the farmers - they get a fair price, the local economy - boosts spending power, the business - gains a better reputation and the enviroment - less wastage.
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What is bad about Fairtrade?
It can costs more than other suppliers therefore businesses may put up their prices, leading to less demand for their products
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What is inward investment?
Where a foriegn firm chooses to set up in the UK.
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Is a stronger or weaker pound better?
A strong £ is good fro importers whereas a weak £ is good for exporters
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What is globalisation?
Where companys have heavy reliance on other companies in different countries.
It helps the farmers - they get a fair price, the local economy - boosts spending power, the business - gains a better reputation and the enviroment - less wastage.
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