The government established the Basic Conditions of Employment Act 1997 to regulate fair employment practices including that the employees of a business have the right to be paid for their labor, the right to be treated fairly and the right to work in a safe environment.
Up Next in Term 2
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Forms of ownership - Companies
We look at public and private companies and their differences. This lesson looks at all the advantages and disadvantages companies have.
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The Economy & Markets [Factor market...
This lesson looks at the definitions for factor market, labour market and financial market.
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Forms of ownership - sole trader
Ownership of a business is one of the first decisions an entrepreneur has to make. They have to decide if it will be shared or solely owned. In this lesson we look at the advantages and disadvantages of soles traders who own a business on their own.
