The concept of 'Time Preference' is central to the theory of:
A. Interest
B. Wages
C. Profit
D. Rent
Answer: Option A
Solution (By JKSSB Mock Tests)
The time preference theory of interest explains the rate of interest as arising from the preference of individuals for present consumption over future consumption.
Explanation:
Platform work is labour provided through, on or mediated by digital platforms, typically characterised by short-term tasks, algorithmic management and a triangular relationship between platform, worker and client.
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