"Mrs. Thatcher vs the Miners". It's an hour-long documentary that was recently released detailing the year-long industrial dispute between working miners in Great Britain and the British Government headed by PM Margaret Thatcher. 

Please answer the following question:

1. Differentiate between local and national labor markets. Would you consider this labor market to be perfectly competitive or a monopsony labor market?

2. What was the difference between the pay dispute in 1984 and the one taking place earlier in 1981? Why did Thatcher give in to the earlier strike?

3. Discuss how technology played a role in this strike.

4. Discuss the Economic pros and cons of Thatcher's fight against the miners' strike

https://www.youtube.com/watch?v=5uHUQe2oEaQ

Answer rating: 100% (QA)

Local labor markets refer to the supply and demand for labor within a specific geographic area such as a city or region National labor markets on the other hand encompass the entire country and includ... View the full answer