To a large span the "First" finance is prescribed, with acknowledgements, notes, a borrowing scheme, and lawfully enforceable privileges and remedies. The "Second" finances needs all of these things; it is casual, regulated by community norms, and founded on little money transactions. (John, 1995)
Diversification in Stock Portfolios: Investing in First or Second Economy
The partition isn't solely racial, but it is very mostly so. Affirmative activity principles have advanced the position since 1994, but not very much. In latest years a more hard-hitting principle renowned as "black financial empowerment" (BEE) is impelling companies ...