The Third World,because of the Geographical Location of Most of Its

question 14

Short Answer

The Third World,because of the geographical location of most of its countries,is also known as the ________ ________.

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Definitions:

Bargaining Power

The relative ability of parties in a negotiation, such as employers and employees, to influence the outcome in their favor.

Going Out on Strike

The act of workers stopping work as a form of protest, typically to secure better wages, working conditions, or other employment terms.

Employer

An individual or organization that hires and pays employees for their labor or services.

Decentralized Bargaining

A negotiation process where bargaining occurs at the local or unit level rather than centrally, allowing for agreements tailored to specific contexts.