A trade bloc is a type of inter-governmental agreement (also known as trade pact)‚ often part of a regional inter-governmental organization‚ where regional barriers to trade‚ (such as tariffs and non-tariff barriers) are reduced or eliminated among the participating states. Advantages of Trading Blocs The main advantages for members of trading blocs are as follows: 1) Free trade within the bloc: Knowing that they have free access to each other’s markets‚ members are encouraged to specialize
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Chapter 1: International Interdependence 1.4 ADVANTAGES & DISADVANTAGES OF INTERNATIONAL TRADE Pg 22-27 Advantages of International Trade The fundamental reason for international trade is to sell something that we don’t need and to buy something we do need. Trade creates jobs‚ attracts investments‚ attracts new technology and materials‚ and offers Canadians a wider choice in products and services. People spend‚ save‚ or pay taxes with the money they earn in their jobs. The government
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FDI in India Advantages and Disadvantages Overview First of all‚ FDI means Foreign Direct Investment which is mainly dealings with monetary matters and using this way they acquires standalone position in the Indian economy. Their policy is very simple to remove rivals. In beginning days they sell products at low price so other competitor shut down in few months. And then companies like Wall-Mart will increase prices than actual product price. They are focusing on national and international economic
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What are the advantages and disadvantages of the European Union? What are the implications of the European Union on military and economic affairs? The European Union is a system that was created to help form a unity‚ and strengthen European states. After two ruinous world wars and the extension of Soviet power‚ many people recognized the need for some form of European unity(Perry‚ Berg‚ Krukones pg. 458).The European Union was originally formed from the European Coal and Steel Community. The community
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Advantages of Overpopulation i)Efficient utilization of resources A major portion of our country’s resources are lying idle or are underutilized.We need more manpower to utilize them effectively so that there is no wastage. ii)Expansion of Market An increase in the total population will raise the demand for various essential as well as luxury goods.It will act as an incentive for the producers to set up more industries which will bring economic development. iii)Better Labor Force The growing
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Trade Unions: Their issues and concerns in the Indian Automobile Sector Company LOGO INTRODUCTION Indian Automotive Sector Employment to Projected Growing at Contributing to 33.9% per year 5% of GDP annual car sales of more than 9 million by 2020 Turnover of more than USD 35 billion 13 million employees consisting of both local and migrant workers Majority workers from poverty affected zones and only earning member of the family Hyundai
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* All India Central Council of Trade Unions (Communist Party of India (Marxist-Leninist) Liberation * All India Trade Union Congress (Communist Party of India) * All India United Trade Union Centre (Socialist Unity Centre of India (Communist)) * Bharatiya Mazdoor Sangh (Rashtriya Swayamsevak Sangh) * Indian National Trade Union Congress (Indian National Congress) * Indian National Trinamool Trade Union Congress (All India Trinamool Congress) * Centre for Indian Trade Unions
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Week 6 - Trade unions Trade unions can be defined as an organisation set up by employees to assist them in the workplace. They have a significant influence on the wages and working conditions of employees. The main objectives of trade unions focuses on: employment relationships; negotiation of pay and employment conditions; training and education among employees and settlement of disagreement between the employer Unions negotiate with employers on the behalf of union member‚ until a
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year 11s WHAT IS A TRADE UNION? Trade unions are organizations that represent people at work. They consist of workers and union leaders‚ united to promote and protect their interests. Trade unions exist because an individual worker has very little power to influence decisions that are made about his or her job. By joining together with other workers‚ there is more chance of having a voice and influence. THE DIFFERENT TYPES OF TRADE UNIONS. * CRAFT UNION: A union representing workers
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History of Trade Union Movement in India Trade Unions are the groups ‚ set-up with the aim of trying to create fairness and job security in a workplace. Section 2(h) of the Trade Union Act‚ 1926 has defined a trade union as: “Any combination‚ whether temporary or permanent‚ former primarily for the purpose of regulating the relation between workman and workmen or between employers‚ or for imposing restrictive conditions on the conduct of any trade or business‚ and includes any federation of two
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