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0 pointskortilla6y ago0 comments

That’s called a cartel. See OPEC.

If that’s all “fair trade” is, that’s an impressive marketing tactic.

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It's also called product differentiation. Oil is a commodity, but there are grades of oil and the amount of sulfur varies, so there is "sour" oil, "light" oil, etc. similar to "fair trade" chocolate.

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Mathnerd3146y ago

It's also called product differentiation. Oil is a commodity, but there are grades of oil and the amount of sulfur varies, so there is "sour" oil, "light" oil, etc. similar to "fair trade" chocolate.

j / k navigate · click thread line to collapse