McqMate
| Q. |
Wage fund theory was propounded by |
| A. | J.B. Say |
| B. | J.S. Mill |
| C. | J.R. Hicks |
| D. | J.M. Keynes |
| Answer» B. J.S. Mill | |
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Explanation: J.S. Mill developed the wages- fund theory. This theory of wage was an attempt to show that in certain circumstances wages could rise above subsistence level. According to this theory a fund of capital has to he accumulated in advance before wage could be paid. This fund of capital is called wages-fund out of which wages are paid to labourers. |
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