With which of the theories of wages, is the name of John Stuart Mill associated?
A
Marginal productivity theory of wages
B
Wages-fund theory
C
Subsistence theory of wages
D
Iron aw of wages
Correct Answer: Wages-fund theory
With Wages-fund theory, the name of John Stuart Mill associated. Mill said that wages mainly depend upon demand for and supply of labour or the proportion between population and capital available.