Question

Explain the role and importance of secondary sector?

Answer 1

Answer:

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Explanation:

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Answer 2

Explanation:

Contrasts between the primary and secondary sectors throw light on labor market mechanisms relevant to wage rigidity. Recall that the secondary sector is characterized by short-term or part-term employment, features that weaken the need for internal equity.  

The more flexibility of hiring pay in the secondary sector adds to the evidence supporting the explanation of the downward rigidity of hiring pay in the primary sector.

Downward wage flexibility in the secondary sector is confined to starting pay in retails firms and to pay on new contracts for interim labor.