Concept information
Preferred term
dual economy
Definition
- An economy based upon two separate/distinct economic systems which co-exist in the same geographical space. Dualism is characteristic of many developing countries in which some parts of a country resemble advanced economies while other parts resemble traditional economies, i.e. there are circuits of production and exchange.
Broader concept
Belongs to group
Belongs to array
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Arabic
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Ukrainian
URI
http://www.eionet.europa.eu/gemet/concept/2364
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