Directions:The question consists of two statements, an assertion and a...
Answer: Option (4) is correct.
Solution: Labour laws and excessive regulations assumed to protect the labor are the cause of slow employment growth in high paying, organized sector. Companies find it difficult to pay the minimum wages and ask them to work only up to some time limit fixed by the respective country’s government. As a result, there is less foreign investment leading to a downturn of the economy. Therefore, assertion is completely false by definition only and reason, as stated above, is true. Therefore A is false but R is true.
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Directions:The question consists of two statements, an assertion and a...
Assertion and Reasoning:
Labor laws do not defend the small businesses and shops in the country.
Due to these labor laws economy slows down.
Explanation:
The Assertion is true as labor laws are primarily designed to protect the rights of workers, and they may not always be favorable for small businesses and shops. The Reasoning, however, is false. Labor laws are necessary to ensure that workers are treated fairly, and their rights are protected. These laws may lead to increased costs for small businesses, but they also ensure that workers are not exploited or mistreated.
Labor laws are essential for maintaining a healthy and fair work environment. They ensure that workers are treated fairly and that their rights are protected. However, these laws may also have implications for small businesses and shops. Here are some points to consider:
Importance of Labor Laws:
- Labor laws ensure that workers are treated fairly and do not suffer from exploitation or mistreatment.
- These laws protect workers' rights, such as minimum wage, working hours, and safety measures.
- Labor laws help create a level playing field for all businesses, preventing larger companies from taking advantage of smaller ones by underpaying or overworking employees.
Impact on Small Businesses:
- Labor laws may lead to increased costs for small businesses, as they may have to pay higher wages or provide benefits to their employees.
- Compliance with labor laws may require additional paperwork and administrative tasks, which can be burdensome for small businesses.
- In some cases, labor laws may make it harder for small businesses to compete with larger ones, as they have fewer resources to comply with regulations.
Conclusion:
While labor laws are essential for protecting workers' rights, they may have implications for small businesses and shops. It is important to strike a balance between protecting workers and supporting small businesses, as both are important for a healthy economy.
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