Legal Flashcards
What is legislation?
creating and enacting laws in order to protect individuals , Businesses and society as a whole
What are the different laws?
Consumer protection
Company law
Anti-discrimination law
Employee
Competition law
Intellectual property
Health and safety
Data protection
national minimum wage
What is company Law?
Company Law covers actions taken in setting up and running a business organisation
What is employment Law?
Safeguarding employees rights in the work place.
Equal pay
Sex discrimination
Race relation
Trade union
National minimum wage
Working time regulation (48hrs no more)
What is anti-discrimination law?
Law designed to protect workers from discrimination from the workplace.
Wage discrimination
Labour market reforms
Discrimination
What is consumer protection?
protects consumers from firms with regards the quality or goods or services sold
Sale of good act
Trade description
Consumer protection
(Returns and exchanges)
what is competition Law?
Promote fair competition in markets and stop the abuse of consumers by businesses due to monopoly power
Restricts mergers and cartels
(Collusive behaviour)
benefits to consumers of competition policy
Lower prices
Improved quality
Increase choice
Innovation
Competitive advantage (PPF)
What is health and safety?
Laws that look after employees in the workplace
What is Data protection?
The rules an organisation must follow when holding personal information
What is intellectual property?
refers to creation of the free mind
Patent (tech)(m2 chip apple)(USP)
Copyright(words)(recording a film)
What is minimum wage?
The lowest wage permitted by law
1998 (ACT)
£8.60 under 21, £11.40, 21 over
