Question
‘Atonement’ and ‘Investment’ are two coequal
aspects of which of the following labour welfare theories?ÂSolution
In Religious Theory of Labour Welfare, welfare is viewed as a moral and spiritual duty of employers. Two core ideas define this theory: 1. Atonement – Employers provide welfare measures as a way of making moral amends for the hardships imposed on workers. 2. Investment – Welfare activities are seen as a way to earn spiritual merit or divine blessings. These two ideas coexist and form the basis of the Religious theory of labour welfare.
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The government provides public goods because
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The Fisher Effect assumes that the    Â
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