Definition: a trade union is an organisation formed by employees/workers in a particular trade or craft who have come together to to achieve common goals such as protecting the integrity of its trade‚ achieving higher pay‚ increasing the number of employees an employer hires‚ and better working conditions. functions · to obtain and maintain just and proper wages and working conditions and generally to do all such things as may be necessary to protect and advance the interests of its members
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183-EW 10/31/12 North Atlantic Cod Commons: Overfishing and it’s Solution Over fishing has led to an almost complete wipe out of the mature cod population in the area of Northern Europe. With lack of regulations‚ the world could witness an entire species of fish destroyed due to rational behavior of man to want more. This is a classic example of a “commons” which Garrett Hardin discusses in his essay “The Tragedy of the Commons” (Hardin‚ 1968). The North Atlantic Cod is a natural resource
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THE STUDY . Introduction International Trade is increasingly becoming a fast – paced environment as it has given birth to a new economy through a technological revolution. New technologies are reshaping and impacting international trade‚ one of these is the Internet. The Internet is becoming a key platform for commerce that is increasingly happening between buyers and sellers located in different countries‚ thereby driving international trade. Additionally‚ as the Internet enables cross-border
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Current situation of Virgin Atlantic Airways Virgin Atlantic Airways is a British airline owned by Richard Branson’s Virgin Group. In December 1999 the Virgin Group decided to sell 49% of the airlines company to Singapore Airlines‚ which means that Virgin still owns the majority consisting of 51%. In 2006 Virgin Atlantic carried 4.9 million passengers placing them in seventh place amongst UK airlines. One of the main rivals of Virgin is British Airways whom have been in bitter rivalry ever since
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International trade theory explains the concept of the international trade and distributions of the gains from the trade. The theory highlights the necessity and importance of the trade. International Trade theory highlights the different models of international trade‚ that have been created to define the diverse ideas of exchange of goods and services across the global boundaries. The theory has been changed frequently ‚ but the major objective of the theory is to gain maximum gain from the
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white slave trade was an unmerciful and callous act‚ just like its counterpart African slave trade. Although‚the white slave trade was not as much publicized. The Mediterranean region was downright seized in order to execute the trade. Slavery dates back to being one of the most primordial trades known to man. Slavery was a primitive act practiced in order to prove supremacy. It was a legally recognized system. The slaves were traded across vivid regions and made to work with or without any
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Explain the gains from trade and the implications for trade negotiations Trade is the transfer of goods and services from one person or entity to another in return for something in exchange from the buyer. The fundamental force that drives trade is David Ricardo’s law of comparative advantage; that is‚ the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity. One country cannot have a comparative
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Counter Trade Counter Trade: Unquestionably‚ currency is the preferred payment medium for any export or import transaction—it is easy‚ fast‚ and straightforward to transact. Sometimes‚ though‚ compa¬nies must adapt to the reality that buyers in many countries cannot do so‚ whether due to the fact that their home country ’s currency is nonconvertible‚ the country doesn ’t have enough cash‚ or it doesn ’t have sufficient lines of credit. Sometimes companies and coun¬tries find it practically impossible
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THE BADGES OF TRADE TUTOR: Mr. R. Brown A project completed in partial fulfilment of the representation of the Bachelor of Science Degree in Business Administration. University of Technology Jamaica. School of Business and Management. St. Andrew‚ Jamaica. Date Submitted: October 16‚ 2012 Badges of Trade discussion In law the circumstances under which a trade can take place are referred to as the badges of trade. Badges of trade are important in accounting because non-trade transactions
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What were the African reactions to slave trade? (The question requires for you to describe the reaction of Africans from the point of views of peoples‚ individuals and captives). The Atlantic slave trade which was inevitably began by the Portuguese‚ but later in time taken over by the English‚ was the sale and exploitation of African slaves by Europeans that occurred in and throughout the Atlantic Ocean from the 15th century to the 19th century. Most slaves were transported from West Africa and
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