Economic Development and Labour Transition in India
Ashok Taradale
Broschiertes Buch

Economic Development and Labour Transition in India

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Document from the year 2017 in the subject Business economics - General, grade: 9, , language: English, abstract: Currently in India we are observing that the number of labours are shifting from agriculture sector to other sectors of economy. The labour transition occurs due to several reasons one of the main reason is that the fixed wage rate in other sectors as compared to agriculture sector. In this context the Lewis model provides a good framework for explaining the ways in which the fruits of economic development are spread.Lewis divided developing economy into two sectors: subsistence an...