Economics · Demography and Urbanization
Which economic concept best explains the challenge of migration and excessive pressure on resources in rapidly developing urban centers of India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The law of diminishing marginal utility.
- 2The rural-urban wage differential and the resultant pull factors of better employment opportunities in cities.✓
- 3The concept of comparative advantage.
- 4The paradox of thrift.
Correct answer
The rural-urban wage differential and the resultant pull factors of better employment opportunities in cities.
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