A dual economy is characterized by:
A)rapid productivity growth in both the agricultural sector and the manufacturing sector.
B)uneven development trends in two economic sectors.
C)drastic differences in regional work ethics.
D)the nonexistence of the government and foreign trade sectors.
E)a manufacturing sector that does not depend on natural resource supplies for production.

Question

Quizplus · Accepted Answer

A dual economy refers to an economy with two distinct sectors, usually an advanced industrial sector and a traditional agricultural or primary sector. The development of the two sectors is often uneven, with one sector experiencing rapid growth and the other remaining stagnant. This can lead to income inequality and social disparities within the economy.

A Dual Economy Is Characterized By