Legislation Key Terms Flashcards
Anti-competitive or Restrictive practices
Attempts by firms to prevent or restrict competition.
Barriers to Entry
Obstacles that make it difficult for new firms to enter a market.
Collusion
Two or more businesses agreeing to a restrictive practice such as price fixing.
Contract of Employment
A written agreement between an employer and an employee in which each has certain obligations.
Discrimination
Favouring one person over another. For example, in the EU it is unlawful to discriminate on grounds of race, gender, age and disability.
Employment Tribunal
A court that deals with cases involving disputes between employers and employees.
National Minimum Wage
A wage rate set by the government below which it is illegal to pay people at work.
Unfair Dismissal
The illegal dismissal of a worker by a business.
