Presentation on theme: "Where does our money go? If this 24 square chocolate bar represents where our money goes, how many blocks does each group receive? Shops Chocolate companies."— Presentation transcript:
1Where does our money go?If this 24 square chocolate bar represents where our money goes, how many blocks does each group receive?ShopsChocolate companiesUK Government (VAT)Producers of non-cocoa ingredients e.g. milkGovernment of country where the cocoa is fromCocoa farmers
2Fair TradeLO: To identify where our money goes with both unfairly and fairly traded products
3Where does our money go?Many of the things we buy to eat are made from products grown in Less Economically Developed Countries (LEDCs) such as chocolate, bananas, coffee and tea…WHY?The price we pay in the shop for a bar of chocolate is divided into something like this:Shops22.5%Chocolate companies (!)40%UK Government (VAT)Non-cocoa ingredients17.5%13%Government of country where the cocoa comes from4%Farmers3%
4Task Complete the labels on the pie chart to show where our money goes when we buy non-Fairtradechocolate, and what percentages go to whichGroupComplete the diagram so that all percentages and labels are written down e.g. Farmers 3%, Chocolate companies____%, etcColour in the segments in different coloursAdd more information to each segment to explain what it does eg Shops – pays wages to shop workers...
5Do you think this is fair? Fairly traded goods do not necessarily have different percentages to non-Fairtrade goods, but they guarantee farmers receive a certain incomeThe following graphs help to show this…
8Fairtrade acts to give the farmer a guaranteed price and also a “Social Premium” (extra money)… unfortunately since none of the other groups want to lose out it means that we, the buyers often have to pay a higher priceIt is hoped that as more of the consumers put pressure on the shops and producers then the prices will come down without the farmers having to pay the priceWhat do you think the farmer uses the Social Premium (extra money) for?