are organized by workers and laborers for members to share mutual benefit. One of the major goals of labor unions is to achieve improved working conditions of a certain countrys labor force.

ECONOMIC INSTITUTIONS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

are organized by workers and laborers for members to share mutual benefit. One of the major goals of labor unions is to achieve improved working conditions of a certain country’s labor force.

A	International Organizations
B	Trade Unions
C	Development Agencies
D	Corporations

Explanation:

Detailed explanation-1: -trade union, also called labour union, association of workers in a particular trade, industry, or company created for the purpose of securing improvements in pay, benefits, working conditions, or social and political status through collective bargaining.

Detailed explanation-2: -A labor union is a group of two or more employees who join together to advance common interests such as wages, benefits, schedules and other employment terms and conditions.

Detailed explanation-3: -Unions are organizations of workers who join together as a group to bargain with the owners of the businesses that employ them. Unions bargain with owners for higher wages, shorter hours, better working conditions, and union recognition.

Detailed explanation-4: -Answer: Collective bargaining is a constructive forum for addressing working conditions and terms of employment and relations between employers and workers, or their respective organizations.

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC INSTITUTIONS