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extra charge

In the field of fair trade, it is an additional amount paid by purchasers of products grown in developing countries to promote the social development of the community as well as local producers by encouraging democratic decision-making and the association of the various strata of the community. He returned to local stakeholders to decide democratically what they want to make the supplement of price received the construction of schools, health centres, the training of the members, or even the creation of scholarships. Democratic decision making ensures that everyone has his say regarding the use of the surcharge, men as well as women.

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  • Part of Speech: noun
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  • Industry/Domain: Economy
  • Category: Economics
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