Marginal firms where product demand is unstable, jobs are characterized by poor working conditions, low wages, few opportunities for advancement, and little job security characterize the ________ of the labor market.

Question

Quizplus · Accepted Answer

The description of the jobs in this labor market indicates that they are primarily low-skilled and located in industries that are less stable and less important than those in the primary or tertiary sectors. This aligns with the characteristics of the secondary sector, which includes manufacturing, construction, and other labor-intensive industries that tend to employ large numbers of low-skilled workers.

Marginal Firms Where Product Demand Is Unstable, Jobs Are Characterized