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The Theory That Explains Migration from Rural to Urban Areas

question 8

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The theory that explains migration from rural to urban areas because of greater availability of jobs in urban areas and expectations about quality of life is called


Definitions:

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services for profit.

Factor Market

The marketplace where services of the factors of production (notably land, labor, capital) are bought and sold.

Resources Exchanged

The process through which different types of resources, including goods, services, information, and money, are traded or swapped among individuals, businesses, or countries.

Input Markets

Markets where firms buy resources, goods, and services that they need in order to produce outputs that will be sold in output markets.

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