Question:

Which one of the following theory talks of labour flow from low wage areas to high wage area due to geographic labour demand and supply?

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This theory focuses on economic factors like wages and household decisions in migration. Always remember it’s about household economic strategies.
Updated On: Apr 28, 2025
  • The New Economics of Labour Migration Theory
  • Dual Labour Market Theory
  • World System Theory
  • Neoclassical Economic Theory
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The Correct Option is A

Solution and Explanation

The New Economics of Labour Migration Theory explains that labour moves from low-wage areas to high-wage areas as a response to economic demand and supply, aiming to maximize the household’s utility by improving economic conditions.
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