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Advantages & Disadvantages of Trade Unions | Economics for GCSE/IGCSE - Year 11 PDF Download

Pros & Cons for Workers, Firms & Governments

  • Various economies hold differing perspectives on the efficacy of trade unions. Capitalist systems often disfavor them due to the perceived rise in costs for firms stemming from collective bargaining.
  • The European Union places importance on trade union involvement, whereas Saudi Arabia prohibits trade unions entirely.
  • Evaluating the merits of trade union engagement involves analyzing the pros and cons for workers, firms, and the government.

Pros & Cons of Trade Unions For Workers

Advantages & Disadvantages of Trade Unions | Economics for GCSE/IGCSE - Year 11

Pros & Cons of Trade Unions For Firms

Advantages & Disadvantages of Trade Unions | Economics for GCSE/IGCSE - Year 11

Pros & Cons of Trade Unions For Governments/Economy

Advantages & Disadvantages of Trade Unions | Economics for GCSE/IGCSE - Year 11

The document Advantages & Disadvantages of Trade Unions | Economics for GCSE/IGCSE - Year 11 is a part of the Year 11 Course Economics for GCSE/IGCSE.
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FAQs on Advantages & Disadvantages of Trade Unions - Economics for GCSE/IGCSE - Year 11

1. What are the advantages of trade unions for workers?
Ans. Trade unions can help workers negotiate better pay and working conditions, provide job security, offer support and representation in case of disputes with employers, and promote a better work-life balance.
2. How do trade unions benefit firms?
Ans. Trade unions can help firms improve productivity by ensuring a motivated and satisfied workforce, reduce labor turnover and absenteeism, provide a channel for effective communication between management and employees, and contribute to a more stable industrial relations environment.
3. What are the disadvantages of trade unions for workers?
Ans. Some disadvantages for workers include the risk of strikes and disruption to work, potential conflicts with employers, the cost of union membership dues, and the possibility of limited job flexibility or mobility.
4. How can trade unions impact the economy and governments?
Ans. Trade unions can influence government policies on labor laws and regulations, contribute to a more equitable distribution of wealth and income, help reduce economic inequality, and play a role in shaping economic growth and stability.
5. How do trade unions help in ensuring fair wages and working conditions?
Ans. Trade unions advocate for fair wages, benefits, and working conditions through collective bargaining with employers, lobbying for labor laws and regulations, and providing a platform for workers to voice their concerns and grievances.
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