fair trade

fair trade definition - business

fair trade

  1. Abiding by established standards for the treatment of labor and the environment in the production of goods involved in international trade.
  2. An agreement between retailers and a manufacturer that a product will be sold at a manufacturer-specified price or higher.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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