What is dual economy and development in an economy, Business Economics

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What is dual economy and development in an economy?

Development in an economy:

Differentiated or uneven development arises while the benefits of growth are not shared evenly among social classes or geographical areas.

Dual Economy:

Economic dualism or a dual economy arises while an advanced economy coexists along with a traditional subsistence economy resulting within a prosperous city or areas alongside poor rural regions in similar country.

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