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TRADE UNIONS
Trade unions are workers' organizations whose objective is to protect the interests of their members.
Functions
i. To bargain on behalf of their members for better pay and working conditions.
ii. To persuade the government to pass legislation in favour of the working class.
Interest rates Decreasing the rate of interest may not encourage investment but increasing the interest rate tends to lock up liquidity in the financial system.
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ROLE OF SCARCITY IN MANAGEMENT DECISION MAKING
calculate point elasticity of demand for demand function q=10-2p for decrease in price from rs 3 to rs 2
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