What is a dual economy? What are some examples?

Answer 1

"Dual economy" is just class warfare hype (demagoguery is the word), and refers to the shocking revelation that some people are richer than others.

Answer 2

Dual Economy

Answer 3

Dual economy : A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy

Answer 4

The legal market, and the black market dual economies, it occurs in all nations in the world. Mexico alone 30% of the economic output not accounted for in goverment figures. Another example of ecomonic output is me getting a job with a employer paying cash under the table, and the goverment losses out on taxpayments.

Answer 5

Dual economy refers to the relation the U.S. has with China. Two economic entity that is so entertwined that it can't survive with out each other. American company is so profitable because they use cheap Chinese labor. On the other hand China requires American designs and American customers. It is not an accurate view though, but just a simplified model that economist try to use to convince others, like the U.S. congress, that at the current state, if we mess with China, It will hurt us as well.

Answer 6

Dual economy is when you pretend to be making money selling wool from sheep when you're really making your money from opium poppies.

Answer 7

Is the existence of two separate economic systems within one region eg. Less developed countries