Q124
With which of the theories of wages, is the name of John Stuart Mill associated?
A.
Marginal productivity theory of wages
B.
Wages-fund theory
AnswerC.
Subsistence theory of wages
D.
Iron aw of wages
Answer: Option B
Solution
Answer: Option B
Solution:
With Wages-fund theory, the name of John Stuart Mill associated. Mill said that wages mainly depend upon demand for and supply of labour or the proportion between population and capital available.