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Flashcards in Fair trade Deck (4)
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0
Q

Quotas

A

Limit the amount of goods that can be imported. Mainly primary goods, this disadvantages LEDCs

1
Q

Tariffs

A

Taxes paid on imported goods

2
Q

Subsidies

A

Grants of money given by governments to farmers or other businesses to keep their prices down so they can compete with imported goods from developing countries.

3
Q

World Trade Organisation

A

Works to reduce domestic subsidies to create one large global free trade area.