Assertion (A): The Lewis Model of an unlimited supply of labour suggests that in developing economies, the agricultural sector acts as a reservoir of surplus labour, which can be mobilized to fuel industrialization.
Reason (R): The Lewis Model proposes that in dualistic economies, characterized by a traditional agricultural sector and a modern industrial sector, an unlimited supply of surplus labour exists in the agricultural sector.
1
A is correct but R is false
2
R is correct but A is false
3
Both are correct
4
Both are incorrect
5
Question Not Attempted