The negative impact does strikes have on the economy are:
- Low employment rate.
- Low business confidence.
- Increases in the level of risk of economic stagflation, etc.
What are the effects of strikes on the economy?
The negative impact of strike is that it strains the employment relationships that exist between parties and thus influence teamwork and profitability negatively.
Note that a lot of Businesses suffer production and financial losses as well as low consumer confidence during these strikes.
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