BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Tripartism is an economic system of neo-corporatism based on a mixed economy and tripartite contracts between employers’ organizations, trade unions, and the government of a country.

Detailed explanation-2: -Abstract. We have already identified the parties (actors) in an industrial relations system to be: the workers and their organisations, the employers and their associations, and the government and its agencies.

Detailed explanation-3: -Tripartite bodies formed with the representatives of employers’ organizations, employees’ organizations and Government to study the industrial relations climate of different industries and help to ensure peace and harmony in industries.

Detailed explanation-4: -The tripartite relationship refers to the relationship between the insurer, the insured, and the attorney arising out of the insurance contract. Each party to the relationship has their own respective duties and roles, which will be discussed in turn.