What role do Unions play in business and is that role both useful and important?
A market is a way of cordoning and organising economic agents’ activity. The market permits a certain balance between demands and needs. Liberal economists consider the market as being the “best way of economical coordination if both clients and companies (Business) are hugely present.”
The different actors one could meet in the market are, of course, clients and business; but also some defence organisms of those two first: Unions.
In facts, it is important to consider them when studying the market place. It appears as logical that protection organisms exist but their actions may sometimes be doubtful.
We will deal in this essay with the role that Unions play in business and will see if their role is both useful and important.
To understand the existing link between business and unions, it is suitable to study the subject in two parts: a first one explaining the role both businesses and unions may have in the market, and a second one wondering if the actions of unions really fit their goals.
I) Business and Unions, both principal actors of markets.
A - Business, goals and risks
In economics, a business is recognized as being an organisation which is shaped to provide goods and/or services to customers and whose goal is making money, and, through this, creating profits and increasing its owners’ wealth. Through making money, the supposed role of a business is creating value to reinvest in the market thanks to the salary they give to employees; the workers will then pay back in consumption (food, services, New Technologies of Information and Communication, leisure or holidays) and thus, assuring the well balance of the marketplace.
A company owner’s goal may be wider than creating cash; it could also correspond to the fifth level of Maslow pyramid: self actualisation. Having our proper company may makes us feel important for the... [continues]
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