Governments protecting suppliers and employees Flashcards

1
Q

How do governments stop monopsonies

A

Pass anti monopsony laws and introduce an independent regulator

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2
Q

How does the government protect suppliers

A

Put minimum prices in the market

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3
Q

How do governments protect employees

A
  • Health and safety
  • Work contracts
  • Maximum work hours
  • redundancy processes
  • right to a trade union
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4
Q

Problem with governments making workers rights too strong

A

Will make the cost of employing very high so the demand for labour will decrease

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