How would flexibility in labour laws hel | Class 10 Social Science - Understanding Economic Development Chapter Globalisation and the Indian Economy, Globalisation and the Indian Economy NCERT Solutions

Question:

How would flexibility in labour laws help companies?

Answer:

Flexibility in labour law helps companies to attract foreign investments. Instead of hiringworkers on a regular basis companies hire  workers flexibility for short periods when there is intense pressure of work. Company heads can negotiate wages and terminate the employees depending on market conditions. This will lead to an increase in the company’s competitiveness and reduce its labour cost.


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Welcome to the NCERT Solutions for Class 10 Social Science - Understanding Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 3: How would flexibility in labour laws help companies?....