answersLogoWhite

0

It is important to have a good labor relationship because your products will be created faster. The better your laborers feel the better your business will do. A bad relationship can damage a business.

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Economics

What is relationship between business and labor?

Without labor, a business cannot run.


When relationship between the wage and the quantity of labor that all firms are willing to employ is called?

the individual labor supply


What is the relationship between business and labor. write a question that the essay will answer?

The relationship between business and labor is fundamentally interconnected, as businesses rely on labor to produce goods and services, while labor depends on businesses for employment and income. This symbiotic relationship can lead to collaboration in achieving productivity and innovation, but it can also result in tensions over wages, working conditions, and job security. Understanding this dynamic is crucial for fostering a healthy economic environment. Question: How do the interactions between business practices and labor dynamics shape economic outcomes?


What is relation between marginal cost and marginal productivity of labour?

Marginal cost refers to the additional cost incurred by producing one more unit of a good or service, while marginal productivity of labor measures the additional output generated by employing one more unit of labor. The relationship between the two is that as the marginal productivity of labor increases, the marginal cost of production typically decreases, because more output is being generated per unit of labor. Conversely, if the marginal productivity of labor declines, marginal costs tend to rise, reflecting diminishing returns. This relationship is crucial for firms in determining optimal production levels and labor employment.


Is there a relationship between health labor productivity and income levels?

There is a direct relationship between health, labor, productivity, and income levels. If a person is healthy they can work, be more productive, and therefore make more money.

Related Questions

Why it is important to go to hospital?

To Establish a Good Relationship With Your Physician.


Why is good family relationship important to family life?

because if you dont have a good relationship your family will not work


Good communication or good chemistry is more important in a relationship?

Communication, first of all how can you be in a relationship if you cant talk to each other.....


Why the examination of relationship is so important?

Its important because is good to know where you guys are at, if its going anywhere


What are important factors of a romantic relationship?

Good question, here are some factors that are really important in a good relationship: 1. Honesty 2. Commitment 3. Telling each others feelings 4. Go out to dinner once in a while 5. Having a good relationship with no personal abuse


Does Justin Bieber have a good relationship with his mom?

yes Justin has a good relationship with his mom!Justin's mom is the most important person of the world for him. she is always there for him if he needs her.


What is relationship between business and labor?

Without labor, a business cannot run.


Why is it important for Canada to maintain a good trade relationship with the US?

so they are not cheep


Why is labor important for a business?

labor is important for the smooth functioning of the business


Why is it important to have a good relationship?

Because being a social worker is very stressful, difficult and depressing. Without a good relationship many people wouldn't be able to continue doing it.


Why was it so important after the war for the u.s. to maintain a good relationship with japan?

we hope we have a good relationship with japan because if we don't they might come to the U.S and bomb us or hurt us.


Meaning of labor legislation?

Labor legislature refers to the relationship that employees have with their employers. It attempts to solve conflicts and labor union disputes.