top of page

Wage Disparities between Tertiary and Primary Sectors

Question

Explain two reasons why workers in the tertiary sector may be paid more than workers in the primary sector.

Category:

Labor Market and Income Distribution

Cambridge IGCSE MAY JUNE 2022

Preview Answer

I. 🍃Introduction
- Explanation of the topic
- Importance of understanding the factors affecting wages in primary and tertiary sectors

II. Higher demand
- Explanation of how higher demand affects wages in primary and tertiary sectors
- Examples of factors that can lead to higher demand

III. Lower supply
- Explanation of how lower supply affects wages in primary and tertiary sectors
- Examples of factors that can lead to lower supply

IV. Stronger bargaining power
- Explanation of how stronger bargaining power affects wages in primary and tertiary sectors
- Examples of factors that can lead to stronger bargaining power

V. Weaker bargaining power
- Explanation of how weaker bargaining power affects wages in primary and tertiary sectors
- Examples of factors that can lead to weaker bargaining power

VI. Government policy
- Explanation of how government policy affects wages in primary and tertiary sectors
- Examples of government policies that can affect wages

VII. Geographic location
- Explanation of how geographic location affects wages in primary and tertiary sectors
- Examples of how wages differ in developed and undeveloped countries

VIII. Value of goods and services
- Explanation of how the value of goods and services affects wages in primary and tertiary sectors
- Examples of how the value of goods and services can affect wages

IX. 👉Conclusion
- Summary of the factors affecting wages in primary and tertiary sectors
- Importance of considering these factors when analyzing wage trends.

Ops... End of preview!

Already purchased Economics Study Pack subscription? Amazing! Click below

What's included 
 
✔️Full essay
✔️Tips
✔️Diagrams
✔️Marking Schemes
✔️Examiner's report

Economics Study Help
bottom of page