Resource
Production involves bringing together certain inputs – called factors of production or resources- to create goods and services i.e., the output. Resources are the ingredients necessary for producing goods and services, just as you cannot bake a cake without ingredients of flour, eggs, sugar, and so on. It is these resources that are scare and, [...]
To human the prime issue, as a biological being, is to maintain own life like any other animal or bird. By meeting some basic needs (like fresh air to breath, water to drink, foods for nutrition) this target is obtained. But, for human, as a social and civilized being, earning the livelihood doesn’t carry less [...]
Higher employment (or lower unemployment) rate is good indicator of the macro economic health of any country and that is desirable to any government, economic analyst, even to a commoner. But ‘employment’ is not an economic problem, rather the problem is ’scarcity of employment opportunity’ that is unemployment. So unemployment covers more economic discussion than [...]
Collective bargaining is the process of negotiation between representative of firms & workers for the purpose of establishing mutually agreeable condition of employment. The wage and fringe benefit of unionized workers are determined by collective bargaining.
In every free modern industrial society, trade unions are an accepted part of the industrial scene. Labour unions are complex [...]
The lecture is still the most frequently used method of instruction. However, presenting a lecture without pausing for interaction with trainees can be ineffective regardless of your skill as a speaker. The use of pauses during the lecture for direct oral questioning creates interaction between instructor and trainee.
Unfortunately, when classes are large, the instructor cannot [...]
Mr. Razzaque is the owner of a factory situated at Tongi. He offered employment to Mr. Sultan who was retrenched from the factory a few months back but Mr. Sultan declined to accept the offer.
Question
Whether Mr. Razzaque is obliged to offer any post to the latter during the remaining period of one year following retrenchment?
Mr. Yusuf is the owner of a factory and he has received a grievance petition from one of his dismissed workers. Now he is supposed to ‘inquire’ into the matter and give the worker being heard
Question
Whether the procedure of enquiry under the Act should be the same prescribed under the Act?
Case No. 02
Mr. Helal, a factory worker of Bashir Metal Works, was charge-sheeted for causing damage to factory’s property in course of duty due to neglect of work. After completing the enquiry, the employer ruled that Mr. Helal should compensate the loss by paying the amount assessed by him for the loss
Question
Whether this course of [...]
Case Study: 01
Mr. Halim, the owner of an industrial organization in Tejgaon I/A and because of certain riotous conduct and disorderly behaviour of his workers, the factory manager was injured and Mr. Halim is now thinking to close down his factory.
Question:
Whether an employer can close down his industry in the above circumstances?
My Answer:
Yes, an [...]
You will often find that many people confuse marketing with advertising or vice versa. While both components are important they are very different. Knowing the difference and doing your market research can put your company on the path to substantial growth.
Let’s start off by reviewing the formal definitions of each and then I’ll go into [...]
