Price and Income policy (1 Viewer)

[c00kiezncreme]

Q1)Explain TWO benefits of enterprise bargaining.

Q2) Compare and Contrast Certified agreements and AWA.

What would u include to answer these q's?

I also need help in understanding the possible prices and incomes policies in Australia.

Thanks guys =)

 

[Minai]

1) possible benefits could be greater wage flexibility which helps boost productivity and effiency, and also a more efficient allocation of resources

2) Certified agreements are those resulting from enterprise bargaining, and AWA's result from individual negotiation between employee and employer. See ur text for more info