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Today's Terms
Central bank
Definition:
A country's principal monetary authority, responsible for such key functions as issuing currency and regulating the supply of credit in the economy.
Illegal strike
Definition:
Illegal strikes are considered those, that attempt to force an employer to join a union, prevent the employer from doing business with someone, strikes that begin within 60 days preceeding the labor agreement and the ones that force the employer
Laissez-faire
Definition:
French phrase meaning "leave alone." In economics and politics, a doctrine that the economic system functions best when there is no interference by government.
More Labor Law Terms >
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