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Exploitation is a concept defined as, in its broadest sense, one agent taking unfair advantage of another agent. [1] When applying this to labour (or labor), it denotes an unjust social relationship based on an asymmetry of power or unequal exchange of value between workers and their employers. [2]
The existence of the cellophane fallacy implies that market definition in Article 102 cases needs to be particularly carefully considered and that any single method of market definition, including in particular the SSNIP-test, is likely to be inadequate. It is necessary to rely on a variety of methods for checking the robustness of possible ...
Dumping, in economics, is a form of predatory pricing, especially in the context of international trade.It occurs when manufacturers export a product to another country at a price below the normal price with an injuring effect.
Created Date: 8/30/2012 4:52:52 PM
Economic torts are tortious interference actions designed to protect trade or business. The area includes the doctrine of restraint of trade and, particularly in the United Kingdom, has largely been submerged in the twentieth century by statutory interventions on collective labour law and modern competition law, and certain laws governing intellectual property, particularly unfair competition law.
The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States president Richard Nixon on 15 August 1971 in response to increasing inflation.
In Mercury Records Productions, Inc. v. Economic Consultants, Inc., [33] the Wisconsin Supreme Court held that INS states the applicable law for Wisconsin: "The unfair competition-misappropriation theory applied in INS. . . comports with the theory" of the Wisconsin courts and "is consistent with the public policy of the state of Wisconsin ...
Unions felt that during World War II, the National War Labor Board had unfairly held wages below the level of inflation but done little to rein in corporate profits. The American Federation of Labor (AFL) and the Congress of Industrial Organizations (CIO) as well as independent labor unions were determined to avoid a similar outcome under the new Wage Stabilization Board.