What is dual economy and development in an economy, Ask an Expert

Economics

What is dual economy and development in an economy?

Development in an economy:

Differentiated or uneven development arises while the benefits of growth are not shared evenly among social classes or geographical areas.

Dual Economy:

Economic dualism or a dual economy arises while an advanced economy coexists along with a traditional subsistence economy resulting within a prosperous city or areas alongside poor rural regions in similar country.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9579713

Have any Question?Write your Review or question?

Related Questions in Business Economics

How do bribery and corruption influence the economy

How do bribery and corruption influence the economy negatively? Answer and explain three major impacts.

Suppose the cost function of making jackets is cx x2 -

Suppose the cost function of making jackets is C(x)= x^2 - 50x+1500. How many jackets should you make to minimize the cost of the jackets? How much would be the minimum cost?

Magenta corporation wants to raise 508 million in a

Magenta corporation wants to raise 50.8 million in a seasoned equity offering, net of all fees. Magenta stock currently sells for $14 per share. The underwriters will require a spread of $.50 per share, and indicate that ...

A jewerly store paid a unit price of 250 less 40 16 8 for

A jewerly store paid a unit price of $250 less 40%, 16% , 8% for a shipment of designer watches. the store's overhead expenses are 65% of cost and the required profit is 55% of coat. a. What is the regular selling price ...

A investment1 the following relates to the choices firms

A. Investment 1. The following relates to the choices, firms can make regarding the allocation of profits. (a) Outline the broad choice available to firms when deciding to allocate profits. (b) Do increases in profits in ...

Could you please help me to solve the following economics

Could you please help me to solve the following economics question? "Universal Studios has decided to open a new theme park called Universal Studios Indiana. It will feature the usual attractions other Universal Studios ...

What is the theory of consumer choice and how it consumers

What is the theory of consumer choice and how it consumers facing trade-offs make decisions and how they respond to changes in their environment?

A standard deck of cards contains 52 cardsa compute the

A standard deck of cards contains 52 cards. (a) Compute the probability of randomly selecting a three or ten. (b) Compute the probability of randomly selecting a three or ten or two. (c) Compute the probability of random ...

Trans-pacific partnership tppa what are the economic

Trans-Pacific Partnership (TPP) A. What are the economic implications? Provide a credible citation. B. What possible impact could this event have on global trade? Provide a credible citation. C. What is President Trump's ...

The ages of commercial aircraft are normally distributed

The ages of commercial aircraft are normally distributed with a mean of 13.5 years and a standard deviation of 8.3821 years. What percentage of individual aircraft have ages between 10 years and 16 years? Assume thata ra ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert