In the context of development economics, the 'Lewis Model' focuses on:
A. Only the role of foreign aid
B. The importance of balanced growth across all sectors equally
C. The role of surplus labour in agriculture and its transfer to industry
D. Only technological progress in agriculture
Answer: Option C
Solution (By JKSSB Mock Tests)
The Lewis dual-economy model emphasises the existence of surplus labour in the traditional agricultural sector that can be transferred to the modern industrial sector at a constant real wage.
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