?
Match the basic content of the theory List-I with the theories List-II.
Match the basic content of the theory List-I with the theories List-II.
| List-I | List-II |
| a. Wages paid are equal to the productivity of the last worker hired | 1. Taussig's Theory of Wages |
| b. Wages, hours and working conditions are largely a matter of relative bargaining strength of two sides | 2. Marginal Productivity Theory |
| c. Wages are residue left over after the other factors of production have been paid wages | 3. The Bargaining Theory |
| d. Wages equal the total product of labour of the marginal firm minus the amount discounted by the employer for advance support of the worker | 4. Residual Claimant Theory |
Join the Discussion
Login to post a comment or share your explanation.
Login