Question 24 of 35
Q.What is the term used to denote the co-existence of two different features in an economy ?
(a) Dualism
(b) Technology
(c) Inequality
(d) Dependency
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2023MCQ· 1mImportance★★★★★
69% · 24/35 Questions
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Start your 14-day free trial to unlock the full solution →The co-existence of two different features in an economy is called dualism.
Dualism refers to the presence of two sharply contrasting sets of conditions within the same economy — for example, a modern, technologically advanced sector existing side by side with a backward, traditional sector; or an organised sector alongside an unorganised one. This technological and economic dualism is a typical characteristic of developing economies like Indi …
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