CASE STUDY;

The following factors limit the bargaining power of trade unions in developing countries:

Firstly, the abundance of unskilled labour in developing countries implies that striking workers can easily be replaced and this factor acts as a disincentive for workers to strike.

Secondly, the majority of developing countries do not have unemployment benefits on which workers can depend while on strike. This factor contributes to worker reluctance to join strikes and limits the effectiveness of trade unions.

Thirdly, government interference in trade union authorities is prevalent in many developing countries owing to the fear that prolonged strikes may adversely affect the weak unstable political structures.

Fourthly, many developing countries experience a high rate of job turnover. This implies that trade unions experience frequent changes in leadership and membership which can adversely affect their operations and hinder their effectiveness.

Fifthly, corruption and mismanagement are prevalent in many trade unions in developing countries. These aspects imply that resources intended for trade union activities are often misused.

(d)A change in wage rate has a substitution effect and an output effect. These concepts are analogous to the income and substitution effect of demand theory. For example, when the wage rate falls the quantity purchased by the producer increases. This total effect is the combined result of a substitution effect and an output effect. The substitution effect measures the degree of substutability of, say, labour for capital in production resulting exclusively from the change in relative factor prices. The substitution effect is given by the movement along the same isoquant.

QUESTIONS

1. In the concepts of business law, analyze key school of thoughts or disciplines to such schools

2. Explain one provisions which might link morality and law

3. Classify the major types of law in business law based on modern concentrations

4.Generate the two major and broad parameters observed in coding form while dealing with procedural law

5. What is the fate of sentence if business law is compromised

6. What are the building units for civil law violations

7.As in he company operations, what are the remedies for plaintiff arising from allegations?

8. Conceptualize the rule of law as described by Dicey;

9. Render the rule of law in business law applications ineffective

10.Indicate the principles of business law that might guide an accountant