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Trade Unions, Fiscal Policies, etc.
Economics flashcards, mainly on trade unions and fiscal policies.
12
Economics
10th Grade
08/27/2013

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Cards

Term
Trade Union
Definition
Organized group of workers, formed to promote and protect the wages and working conditions of its members.
Term
Collective Bargaining
Definition
Process of negotiating wages and other working conditions between trade unions and employers.
Term
Industrial Disputes
Definition
Conflicts which arise when unions and employers cannot agree terms and conditions.
Term
Closed shops
Definition
When all workers in a place of work MUST belong to a trade union.
Term
Open Shop
Definition
A firm which employs both unionized and non-unionized labour.
Term
Single Union Agreement
Definition
A firm agrees a single union can represent all its workers.
Term
Overtime Ban
Definition
Workers refure to work more than their normal hours.
Term
Work to Rule
Definition
Workers slow down production by complying with every rule and regulation.
Term
Go-Slow
Definition
Working slowly to reduce production.
Term
Strike
Definition
Refuse to work and may also protest outisde their workplace to stop deliveries or to stop non-unionized workers from entering.
Term
Fiscal Policy
Definition
A government policy for dealing with the budget (especially with taxation and borrowing).
Term
Central Reserve Bank of Peru
Definition
An Independent public institution that has the objective of preserving monetary
stability through the regulation of money and bank credit.
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