What does the term "economic strike" refer to?

The term "economic strike" refers specifically to a work stoppage that is initiated by workers to demand better economic conditions, such as higher wages, improved benefits, or enhanced working conditions. This type of strike is focused primarily on issues related to the economic aspects of employment, rather than on grievances that are non-economic in nature, which would fall under different categories of strikes.

An economic strike is significant because it reflects the collective bargaining power of workers who are seeking to negotiate terms that directly affect their financial well-being. The motivations for such a strike typically stem from a perceived lack of fair compensation or inadequate working conditions that impact the workers' quality of life. Understanding this concept is crucial for grasping the dynamics between labor and management in industrial relations.