According to Bowles’s adaptation of Eswaran and Kotwal’s model, what determines the difference between economic positions? What are the differences between pure wage worker, small capitalist and pure capitalist?

According to Bowles’s adaptation of Eswaran and Kotwal’s model, what determines the difference between economic positions? What are the differences between pure wage worker, small capitalist and pure capitalist?

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter19: Labor And Entrepreneurship: The Human Inputs

Section: Chapter Questions

Problem 10DQ

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According to Bowles’s adaptation of Eswaran and Kotwal’s model, what determines
the difference between economic positions? What are the differences between pure
wage worker, small capitalist and pure capitalist?

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