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Outline the challenges that unions will face in the future and explain two ways that unions could ensure their viability.
Well-Being
The state of being comfortable, healthy, or happy, often measured by factors such as income, employment, and physical and mental health.
Total Surplus
The sum of consumer and producer surplus, representing the total benefits to society from the production and consumption of goods and services.
International Trade
The exchange of goods and services between countries, allowing for the acquisition of products not available domestically or the export of surplus production.
Domestic Consumers
Individuals or entities within a country that purchase goods and services for personal use or consumption.
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