Dualism and economic under development


Dualism is a major characteristic of an underdeveloped economy. Dualism refers to that condition of a country when two sectors advanced of modern sector and the backward or traditional exist side by side . For instance we have modern industries and the old cottage industries medieval farming being practiced at the same time . In other words k, in an under developed country. There is the bullock cart economy and modern transport operating at the same time.

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