Exams

Inclusive unionism is practiced mostly by industrial unions. The practice of a labor union of including as members all workers employed in an industry is called as Inclusive unionism.

Mercantilism was the principle that wealth of a nation comes from trading with other nations and also comes by imposing government regulations on all of the nation's economic interests.

The main principles of mercantilism:

• the country's wealth is determined by the amount of precious metals in the country,

• Wealth is created in business relations (International Trade)

• The goal is an active trade balance of trade,

• to serve protectionism, government subsidies and the issue of protective tariffs.

Qatar to withdraw from OPEC as of Jan 2019. OPEC, The Organization of the Petroleum Exporting Countries is an intergovernmental organisation of 14 nations, founded in 1960 in Baghdad, Iraq.

Its members are Qatar, Saudi Arabia, Iran, Iraq, Indonesia, Venezuela, Nigeria, Libya, United Arab Emirates, Algeria, Kuwait, Ecuador, Angola, Gabon.