Economics · Macroeconomics
Which concept developed by Ragnar Nurkse and Arthur Lewis describes a situation where surplus labor can be removed from agriculture without reducing output?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Take-off stage
- 2Perfect competition
- 3Disguised unemployment✓
- 4Monopolistic competition
Correct answer
Disguised unemployment
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