STRIKES CAUSES ECONOMIC DIS-BALANCE
Strike in a country causes massive shutdown in resources and hence resulting in failure of providing support to differential economic scenarios, and in a country like India it affects on a large scale. A refusal to work organized by a body of employees as a form of protest, typically in an attempt to gain a concession or concessions from their employer, is the dictionary definition of a strike, but it’s not just that, According to a study a loss of about 25000 crores is suffered by India on any major “strike-day”. A strike is the act of not following a normal course of day, which an individual is supposed to do, act of strike is seen as a response of likeminded people to not obeying a certain policy, rule, norm, monetary issue or non-monetary problems occurred in a certain industry or a group of people which demands the same as others do. The loss of production and of customers is usually the first consequence of a strike. However, indirect strike costs incurred later can...