Grade Booster exam workshops for 2024. Join us in to Birmingham, Bristol, Leeds, London, Manchester and Newcastle Book now

Topic Videos

Trade Unions in a Monopsony Labour Market

Level:
A-Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 13 Apr 2019

In this revision video we consider the theory of wage-setting with a monopsony employer and the possible impact that a trade union might have on wages and employment. We also look at efficiency wage theory and mutual gains from pay bargaining between stakeholders.

Trade Unions in a Monopsony Labour Market
Trade Unions in a Monopsony Labour Market

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.