3.4 Trade Unions Flashcards
(11 cards)
Define trade unions
organizations of workers that aim at promoting and protecting the interest of their members (workers)
What are 3 functions of a trade union?
- Defend employee rights
-Improve their pay
-Improve working conditions
Define Collective bargaining
The process of negotiating over pay and working conditions between trade unions and employers
When can trade unions argue for higher wages and better working conditions?
( 2 Points)
- Prices are rising (Inflation)
- Sales and demand for firm increase
What are 3 industrial disputes?
- Overtime ban
- Go-Slow
- Strikes
What are 2 advantages to workers of a trade union?
- Sense of unity and representation
- Lesser chance of exploitation
What is a disadvantage to workers of a trade union?
Workers might get lesser wages or none if they go on strike
What are 2 advantages to a firm of a trade union?
- Time saved negotiating
- Good for business morale
What are 2 disadvantages to a firm of a trade union?
- Decision making may be long
-Make demands firm cannot meet
What is an advantage to an economy of a trade union?
Ensures labour force is not exploited and feels represented
What are 2 disadvantages to an economy of a trade union?
- Imapct total output negatively
-Unemployment may rise
