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QUESTION 1

1.1 Name any TWO labour unions found in South Africa.

1.2 Explain the changes brought by the evolution of markets.
(2x1) (2)
(2\1) (2)*

1.3 Study the information below and answer the questions that follow:



Answer :

GinnyAnswer

Final answer:

Labor unions in South Africa include NUM and COSATU. Market evolution brings changes like competition, globalization, and technological advancements. Employers' advantage in bargaining is influenced by resource control and power dynamics.


Explanation:

Labor Unions in South Africa: Two prominent labor unions in South Africa are the National Union of Mineworkers (NUM) and the Congress of South African Trade Unions (COSATU).

Changes brought by Market Evolution: The evolution of markets has seen changes such as increased competition, globalization, technological advancements, and shifts in consumer preferences. These changes impact production methods, pricing strategies, and the overall business landscape.

Employers' Natural Advantage: Employers have a natural advantage in bargaining due to factors like resource control, decision-making power, and the ability to set terms and conditions. This advantage stems from the hierarchical structure of employment relationships.


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