social partnership

Noun

Market control based on a comprehensive series of negotiated agreements between business and the labour force.

Japanese Meaning

企業と労働力との間で交渉によって取り決められた、一連の包括的な合意に基づく市場統制の仕組み

The industry adopted a social partnership to stabilize prices and regulate employment through coordinated agreements between employers and workers.

業界は価格を安定させ、雇用を調整するために、企業と労働者との包括的な交渉合意に基づく市場統制を導入した。

Sense（1）

Market control based on a comprehensive series of negotiated agreements between business and the labour force.

social partnerships

（ plural ）