'Dual economy Is the characteristic feature of developing nation.… - Vidyadip

Question

'Dual economy Is the characteristic feature of developing nation.' - Explain.

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Answer

Dual economy consists of traditional instruments and method and modern method. In such a scenario India is a developing nation. The organized sector produces with the help of modern technology, market method of production etc whereas unorganized sector uses traditional methodology and instruments to produce the commodity. Agricultural and industrial sector shows this kind of integration in India.

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