Examlex

Solved

Explain the Importance of Internal Secondary Data

question 21

Essay

Explain the importance of internal secondary data.


Definitions:

Wage

The price paid for the use or services of labor per unit of time.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing to buy at various prices.

Labor Services

The physical and mental efforts that people contribute to the production of goods and services.

Technology Changes

The process of innovation and the adoption of new or improved technologies and systems.

Related Questions