Legislation Key Words Flashcards
1
Q
Anti-competitive
A
Attempts by firms to restrict or prevent competition
2
Q
Barriers to entry
A
Obstacles for new firms that make it harder to enter a new market.
3
Q
Collusion
A
Two or more businesses agreeing to a restrictive practice, such as price fixing.
4
Q
Contract of employment
A
A written agreement between and employee and employer in which each has certain obligations.
5
Q
Discrimination
A
Favouring one person over another.
6
Q
Employment tribunal
A
A court that deals with cases involving disputes between employers and employees.
7
Q
Nations minimum wage
A
A wage rate set by the government below which it is illegal to pay people at work.
8
Q
Unfair dismissal
A
The illegal dismissal of a worker by a firm.
