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What Are The Key Assumptions Of The Lewis Model?

January 24, 2024 by Charlene Dyck

What Are The Key Assumptions Of The Lewis Model? The basic assumption of the model is that there exists surplus labour What did Lewis assumption with wages in urban industrial sector? Lewis has assumed and made the point that capitalists will have to pay a margin of about 30% above average subsistence pay, because the

What Did A Serf Do?

January 24, 2024 by Maria LaPaige

What Did A Serf Do? The vast majority of serfs in medieval Europe obtained their subsistence by cultivating a plot of land that was owned by a lord. … The serf provided his own food and clothing from his own productive efforts. A substantial proportion of the grain the serf grew on his holding had