2.5.2 - legislation Flashcards

1
Q

Anti-competitive or restrictive practices

A

Attempts by firms to prevent or restrict competition.

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2
Q

Barriers to entry

A

Obstacles that make it difficult for new firms to enter a market.

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3
Q

Collusion

A

Two (or more) businesses agreeing to a restrictive practice. Such as price fixing.

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4
Q

Contract of employment

A

A written agreement between an employer and an employee in which each has certain obligations.

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5
Q

Discrimination

A

Favouring one person over another. E.g. race, religion, age and disability etc:

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6
Q

Employment tribunal

A

A court that deals with cases involving disputes between employers and employees.

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7
Q

National minimum wage

A

A wage rate set by the government below which it is illegal to pay people at work.

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8
Q

Unfair dismissal

A

The illegal dismissal of a worker by a business.

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