Question

1. --- refers to the existence of two sets of economic activities at the two levels.
(a. Modern, b. Traditional, c .Dualism)
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Answer 1

Answer:

Ans:-c

Explanation:

A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. ... Sir Arthur Lewis used the concept of a dualistic economy as the basis of his labour supply theory of rural-urban migration.

Answer 2

Explanation:

Among the three options given the correct option is C.

Dualisam in economy refers to the existence of two sets of economic activities at the two levels. The two level are capitalist based manufacturing level which aims to work for global market while the other level is labor intensive which is aim at local market. Agriculture is one big example of this level