What is the role of trade unions in a mixed economy?

Economics Mixed Economy Questions



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What is the role of trade unions in a mixed economy?

In a mixed economy, trade unions play a crucial role in representing and protecting the interests of workers. They negotiate with employers on behalf of employees to secure better wages, working conditions, and benefits. Trade unions also advocate for workers' rights, such as the right to fair treatment, job security, and collective bargaining. Additionally, they contribute to the overall stability of the economy by promoting social dialogue and cooperation between labor and management.