Question

Graphically show and explain the phenomenon of immersating growth

Graphically show and explain the phenomenon of immersating growth

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Answer #1

Emiseration growth can be defined as the stabalization of real wage rate while the Output and the profusion of capital expands in the economy.Due to the productive means of technology, Output per worker is greatly expand leading to decline in the number of jobs and also an alienation of worker where the relative increase in capital is not affecting or increasing the real wage rate where the labour is commodified further.

It can suggestively be seen in the following curve:

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