Describe two possible economic environments, one in which central bargaining would typically flourish and one in...

Describe two possible economic environments, one in which central bargaining would typically flourish and one in which it would generally encounter difficulty.

Expert Solution

The first economic environment is socialist driven that will facilitate the central bargaining to flourish. It is the economic environment where workers in different sectors can form unions and become organized to represent themselves as one unit or a unit having large members. It will make central bargaining to take place.

The second economic environment is market driven where capitalist forces are dominant. Here, central bargaining will find difficulties, because unions are either very few, or restricted by laws or there is no union in many sectors. It makes bargaining to be more decentralized , person specific and vary from one organization to another. Here, central bargaining does not work.

Rahul Sunny answered 1 year ago

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Describe two possible economic environments, one in which central bargaining would typically flourish and one in...

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