Economics · Economic Growth and Development
Given below are two statements: Statement I: Dualism refers to economic and social divisions in an economy, such as differences in the level of technology between sectors or regions, differences in the degree of geographic development, and differences in social customs and attitudes. Statement II: Developing countries in the early stages of development experience dualism, which has implications for the future pattern and pace of development. In the light of the above statements, choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is false but Statement II is true
- 2Statement I is true but Statement II is false
- 3Both Statement I and Statement II are false
- 4Both Statement I and Statement II are true✓
Correct answer
Both Statement I and Statement II are true
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