Economics A-Level
Trade unions
What Trade unions means in Economics A-Level, as defined for AQA.
Definitions of Trade unions
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Reference: AQA
Act as a monopoly supplier of labour, using collective bargaining to push wages above the competitive equilibrium, which can create unemployment.
Organisations that introduce imperfections into the labour market by acting as monopoly suppliers of labour.
Bodies whose strength in negotiating above-equilibrium pay is a factor determining real wage unemployment.
Topics that use Trade unions
- Employment and unemployment (AQA A-Level)
- The determination of relative wage rates and levels of employment in imperfectly competitive labour markets (AQA A-Level)
- The determination of relative wage rates and levels of employment in perfectly competitive labour markets (AQA A-Level)
Related terms
- Imperfect information
- Average Cost of Labour (ACL)
- Causes of unemployment
- Claimant Count
- Cyclical unemployment
- Frictional unemployment
- Labour Force Survey
- Labour immobility
Using Trade unions in the exam
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