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Lewis's model explains the growth of a developing economy in terms of a labour transition between two sectors, the capitalist sector and the subsistence sector. Reinvestment of profits by capitalist will cause expansion in modern sector employment as it allows production to expand.
Recently President of India Inaugurated Economic Democracy Conclave in :
Next QUAD Summit 2023 will be held at which place?
Angora wool is extracted from
Who is the President of the United Nations Human Rights Council (UNHRC)?
Which one of the following Islands, is known as ‘rice bowl’ of Japan?
Faiyaz Khan, a renowned musician, was associated with which musical instrument?
Garo, Khasi, Jaintiya hills are located in which hills ?
The Jawara Dance, performed to celebrate wealth, originates from which Indian state?
Which high-ranking Indian official visited Brunei recently?
Who has been appointed as the Chairman of the ICC men’s Cricket Committee?