Define labor union, and explain how unions rose to power in the United States.
Analyze the reasons for the decline in union membership in the last few decades.
Describe the types of union workplaces.
Summarize how collective
Labor union - An organization of workers that tries to improve working conditions, wages,
and benefits for its member.
Strike - an organized work stoppage intended to force an employer to address union
Industrial union - is an organizati
Chapter 11 Key terms
Investment - The act of redirecting resources from being consumed today so that they may
create benefits in the future; the use of assets to earn income or profit.
Financial system - The system that allows the transfer of money betwee
Chapter 3 Key terms
Public Interest - the concerns of the public as a whole.
Public Policy - Laws and Standards on topics of public interest.
Interest Group - a private organization that tries to persuade public officials to act or vote
according to group
Understand how investing contributes to the free enterprise system.
Explain how the financial system brings together savers and borrowers.
Describe how financial intermediaries link savers and borroweres.
Identify the trade-off