Supply and Demand on Labor and Trade Unions Flashcards
1
Q
Inflation rate
A
Continued general increase in price level over a period of time
2
Q
Trade unions
A
Organization representing people working in a particular industry or profession that protect their rights
3
Q
Closed shop
A
Company or factory where all workers must belong to a particular trade union
4
Q
Secondary Picketing
A
Workers in one place or company strike in a group at a particular location in order to support the striking workers in a different workplace or company
5
Q
Aims of trade unions
A
- Negotiate pay and working conditions
- Provide legal protection for members
- Provide financial benefit such as strike pay
- Put pressure on the government to pass legislation that improves the right of workers
