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?
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?
Show Hint
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
Hide Solution
Verified By Collegedunia
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.
Was this answer helpful?
0
0
Questions Asked in CUET exam
- Fill in the blank with the most appropriate word: The politician’s speech was full ___ of designed to win over the crowd without saying much of substance.
- CUET (UG) - 2025
- Vocabulary
- A shopkeeper increases the price of an article by 25% and then offers a discount of 20%. What is the net percentage change in the price?
- CUET (UG) - 2025
- Percentage
- If 1st March 2023 was a Wednesday, what day of the week was 1st March 2024?
- CUET (UG) - 2025
- Clock and Calendar
- Which region was known as the ‘nursery of the Bengal Army’ as many sepoys were recruited from there?
- CUET (UG) - 2025
- British Empire
- In a certain code, WATER is written as YCVGT. How is HOUSE written?
- CUET (UG) - 2025
- Coding Decoding
View More Questions