Concept information
Preferred term
social pact
Definition
- A social pact is a form of social protection, whereby governments, worker associations (such as trade unions), and/or management groups engage in policy-making initiatives for the purpose of maintaining appropriate living and working standards. This intersection of industrial relations and social policy has evolved to various levels in a variety of countries. [Source: Encyclopedia of Business in Today's World; Social Pact]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/social_pact
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