Question

what is the economic impact of cheap and abundant labour?


Please answer this quickly..!!​

Answer 1

Answer:

competition

poverty

unemployment

are some negative effects

Answer 2

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As large numbers of workers are engaged, work is completed quickly and they are paid very low wages. They are not even paid the minimum wages fixed by the government. Hence the labour become jobless once the harvest is completed. They take small loans from local money lenders.

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