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Trade unions: labour market manipulators?

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To some people, trade unions are crucial protectors of the weak. To others, they force up wage rates to unrealistic levels and contribute to unemployment. What role do trade unions have in a modern economy? How successful are they in raising the real wages of their members? To what extent do they manipulate labour markets? In this chapter, we review - Indifference curves - Cartels We introduce - Demand for labour - Wage rate determination
Original languageEnglish
Title of host publicationEconomics: theory in action
EditorsK. Heather
Place of PublicationHarlow, Essex
PublisherPrentice Hall
Number of pages22
ISBN (Print)9780273679844
Publication statusPublished - 13 Nov 2003

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