Question

According to Keynesian theory of employment, a state of under employment can never

exist in an economy. True or False. Give reason for your answer. ​

Answer 1

Explanation:

Unemployment and underemployment in India are caused by more basic structural factors such as lack of capital, use of capital-intensive technologies, lack of access to land for agricultural household, lack of infrastructure, rapid growth of population resulting in large annual increments in labour force year after year...