Economy, asked by RAJIB2623, 1 year ago

Write short notes Unlimited supply of labour.

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Answered by duttalaniveditha111
0

Since Lewis in his model considers overpopulated labour surplus economies he assumes that the supply of unskilled labour to the capitalist sector is unlimited. (The term surplus labour here is not being used in a Marxist context and only refers to the unproductive workers in the agricultural sector.)

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