Explain How the Split Labour Market Works,using an Example

question 4

Essay

Explain how the split labour market works,using an example.

---

Definitions:

Trade Secrets

Confidential business information that provides an enterprise a competitive edge, such as formulas, practices, designs, instruments, or patterns.

Inverted-U Theory

suggests that there is an optimal level of some variable, beyond which its effect starts to decline or become negative.

R&D Expenditures

are the costs associated with the research and development activities of a company or country, seeking to innovate, improve products, and explore new markets.

Industry Concentration

A measure of the degree to which a small number of firms dominate total industry output, sales, or employment.