When a Business Is Profitable,the Whole Society Benefits

question 85

True/False

When a business is profitable,the whole society benefits.

---

Definitions:

European Union

A political and economic union of 27 European countries that are tied by a standardized legal and regulatory framework.

Common Labor Laws

Legislation designed to set minimum standards for employment, covering areas like wages, working hours, safety, and the right to unionize.

European Works Council

A body representing the European employees of a company, providing a platform for consultation on transnational issues affecting workers in the EU.

Codetermination Rights

Rights that allow workers and their representatives to participate in management decisions within a company, especially common in some European countries.