Question

The economy of as _____ country is based on dual system. (undeveloped, developing, developed)​

Answer 1

Answer:

economy of development

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Answer 2

The answer will be 'developing country'. The sentence will be 'The economy of a developing country is based on a dual system.'

• A dual economy is one in which there are two distinct economic sectors within a single nation, each with its own distinct degrees of technological advancement and demand patterns.
• The idea was initially developed by Julius Herman Boeke to explain how traditional and contemporary economic sectors may coexist in a colonial economy.
• Developing nations frequently have dual economies, where one sector caters to domestic needs and the other to the global export market.
• Dual economies may occur within the same industry, such as in the case of a contemporary plantation or other commercial agricultural operation functioning alongside conventional farming techniques.
• So only in the cases where the economics is not fully developed will the dual system be seen, which will be the developing countries.
• Therefore, the answer will be ' developing country ' and the sentence will be completed as  'The economy of a developing country is based on a dual system.'

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