Question

how will increase in the wages of the workers affect industrial production

Answer 1

if there is an increase in the wages of workers then the following effects will occur


1. the production will increase as the workers will be more skillful because they will have money to educate themselves


2. the efficiency in the working of workers will increase significantly as they will be able to avail Health Care to themselves

3. industrial production is sure to get increased if the wages of workers are increased because happy workers will work for their master who increased there wages

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