Financial Dictionary

Financial Dictionary - definitons of investment, economic and financial terms

Atlantic Financial

Atlantic Financial

Investment Word

Organized Labor

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Also known a 'union', Organized Labor refers to an association of workers united as a single, representative entity for the purpose of improving the workers' economic status and working conditions through collective bargaining with employers.

There are two types of organized labor: the “horizontal union where all members share a common skill and the “vertical union which is composed of workers from who are all in the same industry.

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