SUBSISTENCE THEORY OF WAGES | DEVELOPMENT ECONOMICS | LEARN OIKONOMIA

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Subsistence
Game:
Subsistence (2016)
Duration: 7:26
48 views
2

This video discusses Subsistence Theory of Wages
Subsistence theorists argued that the market price of labour would not vary from the natural price for long: if wages rose above subsistence, the number of workers would increase and bring the wage rates down; if wages fell below subsistence, the number of workers would decrease and push the wage rates up.

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Learn Oikonomia currently has 48 views spread across 1 video for Subsistence. His channel published less than an hour of Subsistence content, making up less than 0.09% of the total overall content on Learn Oikonomia's YouTube channel.