Question

please list down factors that have an effect on bargaining power of a party in collective bargaining.

Answer 1

Answer:

Explanation:

Collective bargaining is such a system that it gets affected by certain factors like,

1- The price Elasticity of Demand of a certain product

2-The business cycles

3-the existing market cycles and market environment

4-what is the competitive position of that product and its firm in the market

5-Availability and compatibility of labour force

6-substitute labor and capital ( is available or not)