Fairtrade achieves better prices, decent working conditions and fair Assignment - 1

Fairtrade achieves better prices, decent working conditions and fair terms of trade for farmers and workers. To what extent do you agree - Assignment Example According to Ronchi (2006) the problems arise from the market failure, failure of demand and supply forces, leading to workers exploitation and unfavorable and unhealthy competition for small scale farmers by the large scale farmers. This business assignment paper entails discussion on Fairtrade, and analysis on how it achieves better prices, decent working conditions and fair terms of trade for farmers and workers. According to Lamb (2008), Fairtrade is concerned with the best recommended prices, favorable working conditions, sustainability in the local areas, and justified as well as effective terms of trade for small scale farmers and workers in the third world countries. Fairtrade gets in the position to address the different injustices evident in the convectional trade by giving the companies a condition of paying prices that are at par with the respective prices at the market (Arnould, Plastina and Ball, 2009). The convectional prices usually discriminates the economically unable and weak farmers, hence Fairtrade comes in to assist them upgrade on their position as well as upgrading their living standards. Fairtrade can as well get said as all the activities involved in the process of giving aid to the upcoming communities of farmers and workers. They get enabled to gain a lot of control over their future as well as taking good care of their surrounding in which the stay and undertake their economic activities in. As discussed above, Fairtrade achieves better trade prices, decent work conditions as well as fair terms of trade for small scale farmers and workers. Agreements have gotten reached upon with some of these achievements of Fairtrade by consideration on a number of the factors that it has underline to aim at achieve, as well as its underlying objectives. They include the following: i) Fairtrade Mark. Fairtrade has sought to improve the lives of small scale