Economics · Theories of Economic Growth
In the classical theory of economic development, the market wage rate is primarily determined by which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Collective bargaining power
- 2Availability of economic surplus
- 3Demand and supply of labour✓
- 4The King / State regulation
Correct answer
Demand and supply of labour
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