| A | B |
|---|
| Collective bargaining | The method in which workers pay is negotiated between the employers (the bosses) and the workers (usually with trade unions). |
| Trade Unions | An organisation that represents the interests of workers. |
| Single-union agreement | One union represents all of the workers in a particular place of work. |
| ACAS | An organisation that helps to settle industrial disputes |
| Industrial action | Action taken by workers who are in dispute with their employers. |
| Employers Associations | Organisations that provide help and advice to employers. |
| CBI | An organisation that represents the interests of many different employers. It is called the Confederation of British Industry. |
| National Minimum Wage | This is a law to ensure that no worker is paid below a certain level. |
| Derived demand | A resource that is demanded due to the demand for the good or service that it can produce. |
| Working population | The supply of labour in an economy. It represents all of those that are able and willing to work. |
| Employees | The workers at a firm. |
