An organization of employees that has the legal right to bargain with employers about wages and working conditions is called a

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A labor union is an organization of employees that has legal permission to negotiate and bargain with employers on behalf of its members for better working conditions, wages, benefits, and job security. The union represents the collective interests of the employees and works to improve their standard of living through collective bargaining. A closed shop refers to a workplace where union membership is a prerequisite for employment, and a guild is a medieval organization of craftspeople or artisans. Monopsony refers to a situation in which a single buyer or employer exists in a market, giving them considerable bargaining power over workers.

An Organization of Employees That Has the Legal Right to Bargain