Legislation Flashcards
1
Q
Anti-competitive
A
Attempts by firms to restrict competition
2
Q
Barriers to entry
A
Obstacles that make it difficult for new firms to enter market
3
Q
Collusion
A
Two or more businesses agree to restrictive practice (eg, price fixing)
4
Q
Contract of employment
A
A written agreement between an employer and the employee
5
Q
Discrimination
A
Favouring one person over another
6
Q
Employment tribunal
A
A court that deals with cases involving disputes between employees and employers
7
Q
National minimum wage
A
A wage rate set by the government
8
Q
Unfair dismissal
A
The illegal dismissal of a worker by a business
