Posted inEconomics
Trade Union: Definition, Functions, Purpose & Problems
A trade union is an organization of paid workers employed for the purpose of improving the salarles and conditions of service/work.
Posted inEconomics
Retailer: Definition, Functions, Types & Features
The retailer is that person who sells goods in smaller quantities or units to the final consumers. He is the last link in the chain of distribution. He is therefore the middleman between the wholesalerand the consumer.
Posted inEconomics
Trade Disputes: Definition, Types, Functions & Settlement
A trade dispute refers to any discontentment or dissatisfaction arising out of anything connected with the organization that any employee thinks or believes or feels is unfair, unjust or unequitable.
Posted inEconomics
Public Enterprises: Definition, Features, Merits & Demerits
Public enterprises are business organizations that came into existence through appropriate enabling Acts of Parliament, or Decrees or Edicts in a particular country or state. They may be commercially-oriented or public service-oriented.
Posted inEconomics
Wholesaler: Definition, Functions, Types, Merits & Demerits
The wholesaler is that person who obtains goods from the manufacturer in bulk and sells to the retailer in smaller quantities. He is therefore a vital link between the manufacturer and the retailer in the chain of distribution that is, he is the middleman.