Page 46 - DCOM207_LABOUR_LAWS

Unit 3: Labour Laws: Concept, Origin, Objectives and Classification

Laissez-faire: Laissez-faire is an economic environment in which transactions between private Notes
parties are free from tariffs, government subsidies, and enforced monopolies, with only enough
government regulations sufficient to protect property rights against theft and aggression.
Legislations: Legislation (or “statutory law”) is law which has been promulgated (or “enacted”)
by a legislature or other governing body, or the process of making it.
Social Justice: Social justice is defined as justice exercised within a society, particularly as it is
exercised by and among the various social classes of that society.

Social Security: Any government system that provides monetary assistance to people with an
inadequate or no income.
Trade Union: An organization whose membership consists of workers and union leaders, united
to protect and promote their common interests.
Wages: A wage is remuneration paid by an employer to an employee. It may be calculated as a
fixed task based amount, or at an hourly rate, or based on an easily measured quantity of work
done.

3.7 Review Questions

1. Discuss the concept of Labour Legislations.
2. What are the main ingredients of Labour Legislations?

3. Explain the principles of Social Justice, Social Equality, Social Security, National Economy
and Labour Legislations.
4. Throw some light on the origin of labour legislation.
5. Highlight the factors affecting labour legislations.

6. Write brief note on the struggle for national emancipation and adoption of Indian
Constitution.
7. Discuss the Objectives of the Labour Legislations.
8. Explain the regulative Labour Legislations.

9. Elucidate Welfare Labour Legislations.
10. Highlight Wage-Related Labour Legislations.

Answers: Self Assessment

1. False 2. True
3. True 4. False

5. False 6. True
7. False 8. True
9. Employer–Employee 10. Continuous
11. Protect 12. Industrial
13. Regulative 14. Protective Labour Legislations

15. Minimum 16. Welfare Labour Legislations

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