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WAEC Economics 1996 Question 16

Question 16

Labour Market

The process that leads to an agreement on the conditions of service between emmployers and employees is termed

  1. A.salary negotiations
  2. B.arbitration
  3. C.collective bargaining
  4. D.conciliation
  5. E.reconciliation
Show the answer and explanation

Answer: C (collective bargaining)

Explanation

Collective bargaining is negotiation between employers and trade unions on wages and conditions of service.