Abstract
To some people, trade unions are crucial protectors of the weak. To others, they force up wage levels to unrealistic levels and contribute to unemployment. What role do trad unions have in a modern economy? How successful are they in raising the wages of their members? To what extent do they manipulate labour markets?
In this chapter we review:
* Indifference curves
* Cartels
We introduce:
* The demand for labour
* Wage rate determination
| Original language | English |
|---|---|
| Title of host publication | Modern applied economics: a problem-oriented approach to economic theory |
| Editors | K. Heather |
| Place of Publication | London |
| Publisher | Harvester Wheatsheaf |
| Pages | 209-225 |
| Number of pages | 17 |
| ISBN (Print) | 0745014658 |
| Publication status | Published - 1994 |
