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The 'Wage good strategy' of development was formulated by
Question

The 'Wage good strategy' of development was formulated by

A.

Amartya Sen

B.

C. Vakil

C.

P.C. Mahalanobis

D.

J. Bhagwati

Correct option is B

The 'Wage Good Strategy' was proposed by C.N. Vakil and P.R. Brahmananda. This development strategy emphasized increasing the production of wage goods, such as food, clothing, and basic necessities, to raise the standard of living of the working-class population in developing economies like India. The core idea was to focus on sectors that would generate employment and ensure that workers had access to essential goods at affordable prices. This strategy was particularly influential during the early planning period in India, as it sought to balance industrial growth with the welfare of the masses, ensuring that economic development did not leave behind the lower-income groups.

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