explian the concept of dual economy
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dual economy
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. ... Dual economies are common in less developed countries, where one sector is geared to local needs and another to the global export market.
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Dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology and different pattern of demand.
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