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grandymaker [24]
3 years ago
10

4. Labour Institutions Act(10MKS)

Business
1 answer:
lord [1]3 years ago
4 0

Answer:

  • Reduce discrimination.
  • Reduce exploitation.
  • Reduce inequality/ poverty.
  • Increase productivity.
  • Economic growth.

Explanation:

It is necessary for the government to regulate wages because some companies might take advantage of little regulation to get away with many unjust and unethical actions as they chase profits or due to personal bias.

Without government regulation, there would be wage disparity between races and genders so regulation reduces that. Exploitation will also be reduced because companies will not take advantage of unemployment rates to make workers overwork themselves to keep their jobs.

Regulated wages will reduce inequality in social classes as well as poverty rates as people will be paid closer to what they deserve.

Regulated wages will also lead to improved productivity as people will be more encouraged when they are working knowing they are getting paid appropriately so they will work harder.

With people being paid appropriately, they will be able to afford more goods and invest more savings which will lead to growth in the economy.

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emmasim [6.3K]

Answer:

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La economía política siempre ha tratado de responder a la pregunta: ¿de dónde viene el valor? Las respuestas fueron muy divergentes. Van desde la escasez de bienes disponibles, a su utilidad, a la necesidad de remunerar los factores productivos, incluido el capital y considerando su remuneración; - el beneficio - como recompensa por la abstinencia del capitalista, que puede permitirse renunciar al consumo para utilizar la propia riqueza de forma productiva, etc.

6 0
3 years ago
After a business meeting with a prospective client holly took the client to dinner and the theatre. holly paid $290 for the meal
Mumz [18]

In this instance, Holly would be able to deduct all of these expenses if she is not reimbursed from her employer.

5 0
3 years ago
At a price of $9.99, Danielle buys 3 digital books per month. When the price decreases to $7.99, Danielle buys 4 digital books p
Studentka2010 [4]

Answer:

The correct answer D

Explanation:

When the price of the product is $9,99, then the customer bought 3 books per month. But when the price decreases from $9.99 to $7.99, then the customer bought 4 books per month. Because when the price of the product decreases, the quantity demanded for the product increases for the while and when the prices increases, the quantity demanded decreases, it is not constant.

Therefore, Jason is in correct as the demand for the product has not increases, but only the quantity demanded has increased.

8 0
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Before supplier relationship management (SRM), buyers typically spent 40% of their time on expediting orders. After SRM implemen
Semmy [17]

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The reality test that a business plan must pass in order to attract financing from lenders and investors involves proving:
stellarik [79]

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Explanation:

7 0
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