Dual-sector model
Model in developmental economics / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Dual-sector model?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
This article is about the economic model. For the diagram representing atomic bonding, see Lewis structure.
The Dual Sector model, or the Lewis model, is a model in developmental economics that explains the growth of a developing economy in terms of a labour transition between two sectors, the subsistence or traditional agricultural sector and the capitalist or modern industrial sector.
This article needs additional citations for verification. (August 2022) |