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The Working Conditions of Labourers in Britain in the Industrial Age

How would fle...

Question

How would flexibility in labour laws help companies?

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Solution

Instead of hiring workers on a regular basis, companies hire workers flexibly for short periods when there is intense pressure of work. This is done to reduce the cost of labour for the company. Flexibility in labour laws reduce cost and increase benefits of companies.

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Q. Q5. Which of the following steps have been taken by government to attract foreign investment?
1. Establishing Special Economic Zones (SEZs).
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3. Curbing trade barriers.
4. Granting compulsory licensing.

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