
Labor Union Definition & Example | InvestingAnswers
Sep 29, 2020 · Unions negotiate directly with employers on employees' behalf with regard to compensation, conditions and working hours. Workers employed by transportation, shipping and …
LSVCC -- Labor-Sponsored Venture Capital Corporations -- Definition
May 18, 2021 · Labor-sponsored venture capital corporations (LSVCCs) are Canadian venture capital companies established by labor unions.
Taft-Hartley Act Definition & Example | InvestingAnswers
Oct 1, 2019 · The Taft-Hartley Act, officially known as the Labor-Management Relations Act, is a federal labor law that regulates the actions of labor unions.
Elasticity | Examples & Definition | InvestingAnswers
Mar 16, 2021 · Unions: If labor is a major input of a good, unions can use the elasticity of demand of that good to negotiate wages. Entrepreneurs: Determine if a market is worth entering or if a product is …
Trade Bloc | Definition & Examples | InvestingAnswers
Jan 8, 2021 · What is a trade bloc? How is it different from single markets? Discover more about the benefits and drawbacks of trade blocs with this expert definition.
Laissez Faire Definition & Example | InvestingAnswers
Aug 8, 2020 · Laissez faire is a capitalist precept that states that market economies function at optimal efficiency in the absence of government regulation.
Operating Cost Definition & Example | InvestingAnswers
Oct 1, 2019 · How Does Operating Cost Work? Operating costs are expenses associated with running a business's core operations on a daily basis. Common examples are cost of goods sold and labor …
Credit Union Definition & Example | InvestingAnswers
Sep 29, 2020 · How a Credit Union Works Credit unions offer a wide range of financial services, such as savings accounts, checking accounts, credit cards, certificates of deposit and online financial …
Fixed Costs | Example & Definition | InvestingAnswers
Jan 10, 2021 · What is a fixed cost? How is it different from variable cost? Discover more about fixed costs (with easy-to-understand examples) at InvestingAnswers.
Wage-Price Spiral Definition & Example | InvestingAnswers
Oct 1, 2019 · Also called cost-push inflation, a wage-price spiral is an economic term that describes how prices increase when wages increase.