Asked by
regan padua
on Oct 17, 2024
Verified
The secondary labor market is a ____ because supply and demand labor regulates wage levels and other benefits:
A) free market
B) closed market
C) flexible market
D) bull market
Secondary Labor Market
A segment of the labor market consisting of low-paying jobs with poor working conditions, minimal job security, and little potential for advancement, often contrasted with the primary labor market.
Free Market
Prices are determined only by supply and demand.
- Differentiate between primary and secondary labor markets with respect to the determination of wages and benefits.
Verified Answer
AW
Learning Objectives
- Differentiate between primary and secondary labor markets with respect to the determination of wages and benefits.