SWEATSHOP LABOUR ARGUMENT AND THE PRINCIPLE OF COMPARATIVE ADVANTAGE ASSIGNMENT NO 2 RIZWANA MASOOD F11MB001 SWEATSHOP: INTRODUCTION & BRIEF HISTORY Sweatshop labor is a negative term that is used for the working environment that is very difficult and dangerous to work in. It is a shop or factory in which employees work for long hours and get very low pay and they work under extreme poor conditions. The shop or factory that violates more than 2 labor laws is a sweatshop
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LABOUR ECONOMICS Q2.Define “Labour Economics”. Explain the nature and scopeof Labour Economics. Explain the characteristics of Labour? Ans: -Labour Economics:- “Labour Economics may be defined as a study of theorganization‚ institutions and behavior of the labour market in anindustrising or industrial economy”. According to Dole Yoder:- “Labour economics or manpower economics is primarilyconcerned with efficient utilization and conservation of manpower and resources. It studies and seeks to understand
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1920 to 1945: Determining the Role of the Federal Government and its Spheres of Influence The United States experienced vast changes between 1920 and 1945. The “Roaring Twenties” marked the flourishing of the modern mass-production/mass-consumption economy‚ which delivered fantastic profits to investors‚ while also raising the living standard of the urban middle- and working-class. Following the Great Depression‚ Franklin D. Roosevelt’s New Deal aimed to restore some measure of dignity and prosperity
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Labour Supply Labour supply can be defined as the availability of suitable human resources in a particular labour market. The suitable human resource would be the one not only with the required skills for a particular job but also it must be willing and able to work at the existing wage rate. Labour market is similar to commodity market with the difference of labour (human resource) being demanded and supplied at a particular price (wage).Labour supply is frequently represented graphically by
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CHILD LABOUR The term “child labour” is often used interchangeably with “working child” or “employed child”. While all these terms are defined on the basis of age of the person working. According to the Constitution of India‚ child labourer may be defined as a person who is below the age of 14 years and is working for an earning. However‚ child labour denies children the opportunities for mental and physical development and consequently their life chances are marred. Children engaged in domestic
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Division of labour Today Today‚ the world we live in‚ is progressing so rapidly. Be it‚ the increasing number of mega cities‚ the tremendous advances in medicine‚ the huge number of products that we depend on everyday‚ the wonders of internet‚ the satellites and the space ships‚ nothing has been the same with the never-ending human desire for better life. If we wonder how it was all possible? Well‚ the answer that Adam Smith gives is ’Division of Labour ’. Today‚ even simplest form of labour like‚
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10 CONTRACT LABOUR IN INDIA INTRODUCTION 10.1 The system of employing contract labour is prevalent in most industries in different occupations including skilled and semi skilled jobs. It is also prevalent in agricultural and allied operations and to some extent in the services sector. A workman is deemed to be employed as Contract Labour when he is hired in connection with the work of an establishment by or through a contractor. Contract workmen are indirect employees; persons who are hired‚ supervised
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CHILD LABOUR Introduction According to the International Labour Organisation (ILO) a new generation of children is being deprived of the chance to take their rightful place in the society and economy of the 21st Century. The ILO has proposed that ‘child labour’ will disappear in a decade. If this happens well and good. But in reality the situation is worsening. One in eight children in the world is exposed to the worst forms of child labour which endanger children’s physical‚ mental health
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EVILS OF CHILD LABOUR INTRODUCTION: Childhood is the most innocent stage in a human life. It is that phase of life where a child is free from all the tensions‚ fun-loving‚ play and learns new things‚ and is the sweetheart of all the family members. But this is only one side of the story. The other side is full of tensions and burdens. Here‚ the innocent child is not the sweetheart of the family members‚ instead he is an earning machine working the entire day in order to satisfy the needs and wants
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Child Labour Child labour is one of the topic that presents strong emotions‚ beliefs and opinions. Most people are opposed to the involvement of children in labour force activities when they are at an age when other activities‚ such as education and play‚ should be the central role in development. However‚ child labour represents an extremely difficult and complex issue which often extends beyond emotions‚ beliefs and opinions. Much of this has to do with the understanding that a wide variety
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