Economics · Economics
What does 'Dualism' in economics primarily refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The existence of two dominant currencies in an economy.
- 2A situation where a country simultaneously experiences inflation and deflation.
- 3The coexistence of modern and traditional sectors within an economy.✓
- 4A trade relationship between two countries with vastly different economic systems.
Correct answer
The coexistence of modern and traditional sectors within an economy.
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