Economy, asked by bchacha071, 2 months ago

Give a critical appraisal of modern theory of wage

Answers

Answered by dashrathmishra007

2

Explanation:

According to the modern theory of wages, wages are the price of services rendered by a labor to the employer. As products the prices are determined with the help of demand and supply curve. Similarly, the wages (prices of services rendered by labor) is also obtained with the help of demand and supply of labor.

Answered by salukumari8709392515

10

Answer:

According to the modern theory of wages, wages are the price of services rendered by a labor to the employer. As products the prices are determined with the help of demand and supply curve. Similarly, the wages (prices of services rendered by labor) is also obtained with the help of demand and supply of labor.

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