Economic and Management Science

Define the term market economy?

• A market with many participants

• Is an economic activity in which foreign sector is included

• An economic system with private ownership of the production

Demonstrate which of the following is not one of the main economic system?

• Planned economy

• Entrepreneur economy

• Mixed economy

A close economy consists of:

• Households, firms, business

• Households, firm, Government and also foreign sector

• Households, firms, Government

Indicate the correct meaning of a collective bargaining?

• Collective bargaining is the organisation of employers

• Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements.

• Collective bargaining is the list of rights

Which of the following are types of strike

• picketing. Go slow, lockout

• Burning roads, sit in, beating security

• picketing, sing out loud