Governments protecting suppliers and employees Flashcards
1
Q
How do governments stop monopsonies
A
Pass anti monopsony laws and introduce an independent regulator
2
Q
How does the government protect suppliers
A
Put minimum prices in the market
3
Q
How do governments protect employees
A
- Health and safety
- Work contracts
- Maximum work hours
- redundancy processes
- right to a trade union
4
Q
Problem with governments making workers rights too strong
A
Will make the cost of employing very high so the demand for labour will decrease
