Governments apply a Minimum Wage policy on Businesses to ensure the employees working for the businesses do not get exploited and get paid fairly. The trade off here is that with the Minimum Wage law in effect the businesses would face an increase in labor costs, since they gotta pay them more than if there was no Minimum Wage law, and businesses would lose out on some profit due to this increase in labor costs. To reduce these costs businesses might let go of some employees, either by firing them or making them redundant (either way the employee is losing the job) and this increases the Unemployment Rate in the country which the government does not like, as one of the government’s aims is to keep the Unemployment Rate low in their country but with their Minimum Wage law in effect they keep the businesses in check to ensure they don’t exploit their workers but they end up increasing the Unemployment Rate due to Businesses trying to retain (get back) some of their lost profit (that they lost due to the government’s Minimum Wage law).
Just say stuff about it like how to stop it or why it is happening
Answer:
The correct answer is option:
iii. Politics.
Explanation:
The reason why the correct option is politics is because we must follow politics rules and as well the law for every civic event in order to get be legal following the correct statement. This is going to help us to fulfill our responsibilities for any civic event.
Answer:
Strategic Geographical Location
Situated at the crossroads of the eastern and western business, it is a critical entry point to over 500 million people in the ASEAN market and a gateway of international shipping and air lanes suited for European and American businesses.
Explanation:
