Which of the following are not the theories of Labour Welfare ?
The Subsistence Theory (David Ricardo/Ferdinand Lassalle) and the Residual Claimant Theory (Francis A. Walker) are classical economic theories of wages, not theories of…
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Which of the following are not the theories of Labour Welfare ?
Answer and explanation
Correct answer D
The Subsistence Theory (David Ricardo/Ferdinand Lassalle) and the Residual Claimant Theory (Francis A. Walker) are classical economic theories of wages, not theories of labour welfare. The recognized theories of labour welfare are the Policing Theory, Religious Theory, Philanthropic Theory, Trusteeship (Paternalistic) Theory, Placating Theory, Public Relations Theory, and Functional (Efficiency) Theory.
Practice for these exams
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UGC NET HRM / Labour Welfare and Industrial Relations