| Which among the following is /are characters of Dual Economy? |
| Existence of Agriculture and Industry |
| Existence of commercial agriculture with subsistence farming |
| Modern industry and commercial agriculture with subsistence farming and traditional handicraft. |
A) A and B only
B) A and C only
C) B and C only
D) A, B and C
Correct Answer: D
Solution :
[d] A dual economy refers to the existence of two distinct types of economic segments within an economy. This involves: A capitalist based manufacturing sector (geared towards global markets) Labour intensive agricultural sector (low productivity, geared towards subsistence farming or local markets)
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