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AFFECTS OF DISCRIMINATION LAWS
COMPETITION LAWS Recruitment
fair competition = all companies are motivated to provide cannot state age, race or gender in job ads
good quality products for reasonable prices only allowed if its required for the job
ABUSING DOMINANT POSITIONS encourages innovation and increases customer choice must be able to justify why they gave someo
dominant position = having a market share of at Competition Act 1998 - prevented from being broken by job in case they are taken to tribunal
least 50% the CMA (competition and markets authority) avoiding discrimination = diverse workforce
CANNOT demand 'exclusivity' - that wholesalers also EU Competition Law - face fines or criminal Pay
or retailers only buy from them prosecution male and female are entitled for the same pa
CANNOT use tying - demanding retailers buy a need to understand the laws - prevents them from the same value of work and the same benefi
secondary product to get the one they acc want breaking them and can call out competitors paying unfairly can result in decreased qualit
CANNOT predatory price - selling goods at a loss Main ideas within competition law: staff retention and possible legal fees
to force out smaller competitors 1. cannot conspire to fixed prices where there is an Promotions & Redundancies
CMA can prevent monopolies by stopping mergers agreement to stay above a certain price everyone should have the same opportunity
and takeovers 2. can't conspire with competitors to limit production to to them
charge more
3. cannot divide up the market into regions to avoid
PROTECTING THE COMMUNITY & ENVIRONMENT competition LABOUR LAWS
Environment Agency - regulator of water and land employees have legal right to fair treatment at wo
pollution, businesses must ensure that their looking for work
production processes don't cause unnecessary Equality Act 2010 - protects from discrimination b
pollution 'protected characteristics'
THE EU - Trade between member states is easy employers must make 'reasonable adjustments' for
Local Authority - regulator of air pollution, must Eu single market = there is very few trade barriers, disability
get permission before production that causes smoke easy export opportunities, no tax on import parents can work flexibly unless employers have a
or noise smoothing out price differences - producers look for business reason
Examples: 1996 Landfill tax, EU Packaging Waste highest selling price in the EU, consumers look for 2 types of discrimination:
Directive, The Climate Change Act the lowest price Direct discrimination - treating someone less favou
customs union - same custom duties apply to all they have a protected characteristic
goods entering the EU Indirect discrimination - when everyone is treated
PROTECTING CUSTOMERS & CONSUMERS freedom of movement of raw materials, finished it has a worse effect on one group e.g. hijab rules
these laws effect functional decisions - developing, goods and workers = ops to expand
making and marketing common product regulation policies - makes
Examples: Trade Descriptions Act, Sales of Goods functional decisions easier
Act, Consumer Protection Act, Data Protection Act
DEALING WITH CHANGES IN ECONOMY - LOCALLY & THE LEGAL ENVIRONMENT EMPLOYMENT LAW
GLOBALLY POLITICAL
during booms = raise prices, increases profitability and slows ENVIRONMENT
demand
long lasting = invest in production and new products
during recessions = redundancies and increased capacity
utilisation
9 - Analysing the ECONOMY
local recession = market goods elsewhere online
national recession = market to other countries
External Environment
long lasting = relocate
global upswings = opportunity for everyone
global recessions = negative for everyone GDP
= gross domestic product, the total market value of goods and service
RAPID GROWTH & RECESSION produced within a nation over a period of time (normally a year)
boom = high GDP, production reaches max = shortages and
price increases, shortages of skilled labour = wages rise GDP = total consumer spending + business investment + government
recession = incomes and demand decrease, reduced spending + the value of exports - the value of imports
confidence
slump = GDP at a low, closed factories and redundancies, used to measure economic performance of a country or an area
high unemployment, bankruptcy adjusted so that inflation is ignored
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