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You are here: Home / Potpourri / Economics 101: Strike

Economics 101: Strike

Economics 101: Strike

[This is part of the series: The Complete Guide To Economics 101.]

In economics, what is a strike?

A Strike is when a union refuses to give labor to an employer.

It’s when employees demand better pay, or better wages, the demands are not met, and a group pf employees withdraws from work for a period of time.

This threat, along with preventing others from stepping in and doing their jobs, is the main recourse that a union wields.

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Filed Under: PotpourriTagged With: #Economics101

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