IGCSE Economics Paper-2: Specimen Questions with Answers 78 - 79 of 100

Passage

Employers which recognize a union will negotiate with it over members pay and conditions.

Question 78 (2 of 5 Based on Passage)

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Why do workers join trade union?

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Explanation

Workers are intended to protect the rights and enhance the welfare of the members and of the working class in general. Workers join trade union because of the following reasons-

  • It offers workers fair wages to workers.
  • It safeguards security of tenure and improve conditions of service.
  • Improves opportunities for promotion and training.
  • It focuses on improving working and living conditions
  • It helps in providing educational, cultural, and recreational facilities.
  • Cooperates in and facilitate technological advance by broadening the understanding of workers of its underlying issues.
  • To promote identity of interests of the workers with their industry.

Question 79 (3 of 5 Based on Passage)

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What you mean by collective bargaining?

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Explanation

  • Workers in an organization are given an opportunity to influence or take part in managerial decisions at the higher level through work councils. Participation may also be at lower levels at which workers are given some authority to plan and take decisions about their work, like job enrichment, hob enlargement, delegation, etc.
  • Participation is the result of an enterprise through profit sharing or some schemes does not, in real sense of management. Workers participation in management is in different forms. One such is Collective Bargaining.

It is common to decide certain matters, especially those which have been direct economic significance for workers, on the basis of collective bargaining. The growth of trade unionism, the workers awareness of their rights and strength and the recognition of the importance of negotiations by labor and management has contributed to the growth of collective bargaining. Some of the common subject matters of collective bargaining are-

  • Wages
  • Bonus
  • Working conditions
  • Welfare matters.

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