This is the 3234th most frequent German word.
fair
Fair (German): fair, just, equitable, honest.
'Fair' here is used to describe 'Preise' (prices) as being reasonable or equitable.
Die Preise in diesem Laden sind fair.
The prices in this shop are reasonable.
Here, 'fair' is used as an adjective describing 'Entscheidung' (decision) to mean just or impartial.
Es war eine faire Entscheidung des Schiedsrichters.
It was a fair decision by the referee.
In this sentence, 'fair' refers to the context of a fairground (Jahrmarkt), representing an event or exhibition rather than its moral implication.