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Management · Q596

Labour and Social Welfare

Graduate and Post Graduate · Management · question 596

Q596

Which of the following Theories of Wages is called as the 'Iron Law of Wages'?

A.
Subsistence Theory
Answer
B.
The Standard of Living Theory
C.
The Wage Fund Theory
D.
The Residual Claimant Theory

Answer: Option A

Solution

Answer: Option A
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