Under which of the following theories of wages, trade unions play a vital role in wage determination :
Under the 'Collective Bargaining Theory' of wages (propounded by John Davidson), wages and working conditions are determined by the relative bargaining strength of organised…
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Under which of the following theories of wages, trade unions play a vital role in wage determination :
Answer and explanation
Correct answer D
Under the 'Collective Bargaining Theory' of wages (propounded by John Davidson), wages and working conditions are determined by the relative bargaining strength of organised workers (trade unions) and employers, assigning trade unions a vital role in wage determination.
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UGC NET HRM / Labour Welfare and Industrial Relations