Question

“Wages fund theory” was propounded by?

A John Stuart Mill Correct Answer Incorrect Answer
B John Maynard Keynes Correct Answer Incorrect Answer
C Adam Smith Correct Answer Incorrect Answer
D Richard Jordan Gatling Correct Answer Incorrect Answer

Solution

John Stuart Mill propounded the Wage Fund Theory. In his theory he stated that employers keep a fund out of the total capital secured to pay the wages. This depends upon the demand and supply of labour.

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