Wage-Goods Model and Strategy of Development | Economics
In this article we will discuss about:- 1. Introduction to Wage-Goods Model 2. Components of Wage Goods Model 3. Disguised Unemployment and Wage-Goods Model 4. Wage Goods Strategy Further Developed and Modified 5. Arguments. Professors Vakil and Brahmananda adapted and modified classical theory of growth of income and employment in the context of today's developing countries characterised by disguised unemployment. [...]