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:
Wages
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.
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