Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
Question
Book Icon
Chapter 12, Problem 3AA
To determine

To choose: the correct word that completes the given sentence.

Expert Solution & Answer
Check Mark

Answer to Problem 3AA

The appropriate word that completes the given sentence is significant.

Explanation of Solution

Labor trade unions protect workers ' rights in specific industries. A union operates like a government, nominating members to conduct elections. Union officers are tasked with the responsibility to make choices that are beneficial to the members of the Union. The nature of a union is as a collective of locally affiliated workers who get a charter from a national association. Employees pay national union fees. To return, the trade union serves as a defender on behalf of the workers.

Economics Concept Introduction

Introduction: A labor union, also known as a trade union or workers union, is an association that represents employee mutual interests. Trade unions are helping employees mobilize to discuss salaries, hours, benefits and other working conditions with employers. They are also unique to the industry and tend to be more prevalent in manufacturing, mining, construction, transport, and the public sector.

Additional Business Textbook Solutions

Find more solutions based on key concepts
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education