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In: Economics

Explain the role of 1. Government 2. Trade unions, 3. Employers association in the determination of...

Explain the role of 1. Government 2. Trade unions, 3. Employers association in the determination of wage rate

Solutions

Expert Solution

Government:-

  • Group of people who control and make decisions for a country, state etc.
  • Defined by the people involved,inplace or the process in use.
  • The government runs a whole country..
  • One or more political parties make up the government supported by a huge team of civil servants.
  • It is made up of departments like Education or health.
  • It is necessary to ensure the proper use of force.
  • Government keeps everyone safe.
  • Government is responsible to provide social programs to all its citizens.
  • It provide the parameters for everyday behavior for citizen.
  • It protects them from outside interference and  
  • Provide for their well being and happiness.

Trade unions:-

  • Also called labour union.
  • An organization of workers.
  • Who come together to gain common goals.
  • The common purpose of these unions is maintaining or improving the conditions of their employment
  • The purpose of trade union are to negotiate wages and working condition terms.
  • Regulate relation between workers and the employer.
  • Enforce the terms of collective bargaining..
  • Raise demands on behalf of its members.
  • Main aim of trade union is to negotiate with employers about the matters and other employees at work.
  • These negotiations are also known as collective bargaining.
  • The main purpose of these unions is maintaining or improving the conditions of their Employment

Employers organizations or Employer's Association is an organization of manufacturers, retailers or other Employers of wage labour.

  1. Seek to coordinate the behavior of companies with trade unions or government bodies.
  • Employers Association were of Two types:-
  • Consisting of employers in a trade or industry
  • Bringing together employers from an industries on a local, onregional or national basis .
  • Both unions and employers organization began to gain strength in negotiation over wages.
  • Employers began to unite in order to restrict wage rates.

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