The National Labor Relations Act Established the Right of Private-Sector

question 85

True/False

The National Labor Relations Act established the right of private-sector employees to form unions and to strike.

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Definitions:

Capitalist Countries

Nations whose economic systems are characterized by private ownership of property and businesses, with the goal of generating profit.

Command-based Systems

Systems, particularly in computing or governance, where actions and processes are directed through explicit commands from a central authority.

Market-based Systems

Economic systems where decisions regarding investment, production, and distribution are based on supply and demand, and prices are determined in free markets.

Personal Wealth

Refers to the total value of all assets (such as money, investments, real estate) minus liabilities, owned by an individual or household.