WORLD HISTORY

Detailed explanation-1: -A labor union represents the collective interests of workers, bargaining with employers over such concerns as wages and working conditions. Labor unions are specific to industries and work like democracies.

Detailed explanation-2: -Expert-Verified Answer. The Employee’s Union or the Labour Union is the organization which ensures that the policies of the company do not violate any of the employee rights or their compensation plans are not affected.

Detailed explanation-3: -Trade unions maintain and improve workers’ terms and conditions through bargaining with employers. Workers organized in trade unions benefit from higher wages-the so-called union wage premium. Union bargaining also results in a fringe benefits premium for covered workers. Trade unions reduce wage inequality.

Detailed explanation-4: -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-5: -Definition: Labour unions or trade unions are organizations formed by workers from related fields that work for the common interest of its members. They help workers in issues like fairness of pay, good working environment, hours of work and benefits.