Flexibility in labour laws would help companies in the ways as mentioned below: (i) It will help companies in being competitive and progressive. (ii) Flexibility in labour laws can help the companies to decrease their production cost by employing labourers only for short period of time when there iRead more
Flexibility in labour laws would help companies in the ways as mentioned below:
(i) It will help companies in being competitive and progressive.
(ii) Flexibility in labour laws can help the companies to decrease their production cost by employing labourers only for short period of time when there is need instead of employing them for long period of time or yearly basis.
(iii) By easing up on labour laws, company heads (managers) can negotiate wages and terminate employment, depending on market conditions. This will increase the competitiveness of the companies.
(iv) The companies can ask the workers too work overtime when there is more pressure to complete the work.
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
How would flexibility in labour laws help companies?
Flexibility in labour laws would help companies in the ways as mentioned below: (i) It will help companies in being competitive and progressive. (ii) Flexibility in labour laws can help the companies to decrease their production cost by employing labourers only for short period of time when there iRead more
Flexibility in labour laws would help companies in the ways as mentioned below:
(i) It will help companies in being competitive and progressive.
(ii) Flexibility in labour laws can help the companies to decrease their production cost by employing labourers only for short period of time when there is need instead of employing them for long period of time or yearly basis.
(iii) By easing up on labour laws, company heads (managers) can negotiate wages and terminate employment, depending on market conditions. This will increase the competitiveness of the companies.
(iv) The companies can ask the workers too work overtime when there is more pressure to complete the work.
See lessWhy no person can refuse to accept payments in rupee?
No one can refuse to accept payments in rupee because it is a legal currency authorised by the government.
No one can refuse to accept payments in rupee because it is a legal currency authorised by the government.
See lessHow do the demand deposits share the essential features of money?
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
The facility of cheques against demand deposits make it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely as a means of payments, along with the currency, they constitute money in the modern economy.
See lessWhat is a cheque?
A cheque is a paper instructing the bank to pay a specific amount from the persons's account to person in whose name the cheque has been made.
A cheque is a paper instructing the bank to pay a specific amount from the persons’s account to person in whose name the cheque has been made.
See lessHow much amount of the deposits is kept as cash by the banks and why?
Deposits with the banks are called demand deposits because they can be withdrawn on demands.
Deposits with the banks are called demand deposits because they can be withdrawn on demands.
See less