BUISENESS MANAGEMENT
BUSINESS STRUCTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Trade unions cannot cause unemployment and inefficiencies
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Trade unions can push wages above the equilibrium. Therefore fewer people are employed by the firm – this leads to a loss of earnings to those outside the trade unions. Time lost due to strike action. Trade unions bargaining for higher wages can cause cost-push inflation.
Detailed explanation-2: -b’Individual action is not a characteristic of trade union. Trade union is established for the specific purpose of advancing and protecting the interests of its members or workers in their working relationship.
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