Fair Trade is the concept in general to trade operations that makes the people who produce the goods receive a fair price.
Reference Definition by Fairtrade.org.uk: Fairtrade is about better prices, decent working conditions, local sustainability, and fair terms of trade for farmers and workers in the developing world. By requiring companies to pay sustainable prices (which must never fall lower than the market price), Fairtrade addresses the injustices of conventional trade, which traditionally discriminates against the poorest, weakest producers. It enables them to improve their position and have more control over their lives.
Related Definitions in the Project: The Project Management
