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Critically assess the Lewis model. Explain the term unlimited supply of labor as used by Lewis. What are the implications of this assumption and Lewis'
Critically assess the Lewis model. Explain the term "unlimited supply of labor" as used by Lewis. What are the implications of this assumption and Lewis' model for urban industrial growth? What are the implications of this assumption for the agricultural sector in developing countries? It would be helpful to think (and answer) in both long-term and short-term dynamics.
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