Economics · Economic Growth and Development
In theories of economic development, the term 'technological dualism' refers to the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Prevalence of separate production functions for the domestic and export sectors within a developed economy.
- 2Coexistence of different production functions in the advanced/modern sector and the traditional/rural sector of underdeveloped countries.✓
- 3Prevalence of varying agricultural technologies across different regions of a developing nation.
- 4Prevalence of different production techniques within the same industrial sector of developed economies.
Correct answer
Coexistence of different production functions in the advanced/modern sector and the traditional/rural sector of underdeveloped countries.
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