Answered: Should public policy laws be devised to…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Should public policy laws be devised to promote employment security? If so how? If not why and what should be done instead?

Expert Solution

Introduction

Employment security refers to the stability and predictability of a person's job, including job security, continuity, and protection against unemployment. It is a concept that refers to the confidence and assurance that a worker has in their ability to retain their job and maintain a steady income. This can be influenced by a number of factors, including the strength of the economy, the stability of the worker's industry, and the worker's job performance. The aim of employment security is to provide workers with financial stability and reduce the risk of poverty, which can have positive impacts on individuals and society as a whole.

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