Using the model of monopoly unionism, present examples of economic and political activities that the union...

Using the model of monopoly unionism, present examples of economic and political activities that the union can pursue to manipulate the elasticity of labor demand in the firm. Make sure to present at least two examples of activities for each of Marshall's rules of derived demand.

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Expert Solution

According to Marshall's rule of derived demand explains the demand occurs when a factors of production demand or a goods or service demand is occur from the demand of other factor of productions or goods.
As per the consideration in the model of monopoly unionism lead a union activities in the matter of economic and political activities that very importent one to affect the Elastisity of a factor that is labour.The labour demand is increased or maintain a perfect elastic when the use of other factors of production or activities.The cost and productivity of labour is very importent that is linked with the economic and political activities in an organisations .
Main examples from the side of these aspects are economic strike from the part of labour unions.and Increase the cost of labour through economical and political way. And also politics and the government measures for the labours also derives a demand on the labour factor in any sector of oraganisation in the economy.

Rahul Sunny answered 1 year ago

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