STEPS TO WRITE ESSAY 💡MAIN POINTS💡OVERVIEW
I. Introduction
- Definition of strikes
- Importance of strikes in the economy
- Thesis statement

II. Negative impact of strikes on the economy
- Disrupted production
- Loss of output
- Decreased productivity
- Less economic growth
- Increased cost of firms
- Reduced profits
- Rising prices
- Inflation
- Unemployment

III. Positive impact of strikes on the economy
- Better working conditions of the workers
- Higher wages

IV. Impact of strikes on international trade
- Exports decreasing
- Increase current account deficit
- Decrease current account surplus
- Less investment by MNCs

V. Possible solutions to minimize the negative impact of strikes
- Collective bargaining
- Mediation and arbitration
- Legal restrictions on strikes

VI. Conclusion
- Summary of the main points
- Implications for policy and future research.