The concept of "disguised unemployment" is central to which of the following theories of development?
Disguised unemployment is central to the Lewis two-sector model. Surplus labour can move from the traditional sector into the modern sector with little initial loss of…
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The concept of "disguised unemployment" is central to which of the following theories of development?
Answer and explanation
Correct answer B
Disguised unemployment is central to the Lewis two-sector model. Surplus labour can move from the traditional sector into the modern sector with little initial loss of traditional output, supporting expansion of modern production.
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Kerala SET (LBS Centre)