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.
good
ReplyDeleteA small modern sector and a large subsistence. Is a dualism
ReplyDeletei:e-like India.