Economics · Development Economics
How does Arthur Lewis's dual-sector model describe the traditional agricultural sector in a developing economy?
- 1A sector experiencing rapid technological modernization
- 2A sector with highly educated workers utilizing capital-intensive methods
- 3A sector with low productivity, disguised unemployment, low wages, and negligible savings✓
- 4A highly efficient sector operating at full employment
Correct answer
A sector with low productivity, disguised unemployment, low wages, and negligible savings
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