In the dual economy model, the phase of disguised unemployment must be associated with horizontal supply curve

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In the dual economy model, the phase of disguised unemployment must be associated with horizontal supply curve of industrial labour. Discuss with the help of Lewis and Ranis- Fei model?

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Development Economics

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Authors: Debraj Ray

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Posted Date: Jan 06, 2024 11:08 AM

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In the dual economy model, the phase of disguised unemployment must be associated with horizontal supply curve

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The dual economy model as developed by economists Sir Arthur Lewis and Gustav Ranis and John Fei is based on the idea that underdeveloped economies of... View the full answer

Development Economics

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