2.5.2 - legislation Flashcards
1
Q
Anti-competitive or restrictive practices
A
Attempts by firms to prevent or restrict competition.
2
Q
Barriers to entry
A
Obstacles that make it difficult for new firms to enter a market.
3
Q
Collusion
A
Two (or more) businesses agreeing to a restrictive practice. Such as price fixing.
4
Q
Contract of employment
A
A written agreement between an employer and an employee in which each has certain obligations.
5
Q
Discrimination
A
Favouring one person over another. E.g. race, religion, age and disability etc:
6
Q
Employment tribunal
A
A court that deals with cases involving disputes between employers and employees.
7
Q
National minimum wage
A
A wage rate set by the government below which it is illegal to pay people at work.
8
Q
Unfair dismissal
A
The illegal dismissal of a worker by a business.
