Question: What is the difference between the primary market and the secondary market? The is the sale of used stock in that the current owner sells

What is the difference between the primary market and the secondary market? The is the sale of "used" stock in that the current owner sells it to a new owner and the proceeds go to the current owner, not the company, while the is the market where the initial sale of common stock is made by a company and the proceeds of the sale go to the company for the newly issued stock. (Select from the drop-down menus.)
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