cucum3rs
Queen Of The World
- Joined
- Mar 28, 2006
- Messages
- 70
- Gender
- Female
- HSC
- 2007
I came across the term 'economic dualism' in my text book today. it is defined as "a common feature of less developed countries that have a colonial legacy, which engage in conspicuous consumption in a formal commercial economy with a less formal economy dominated by subsistence agriculture (no surplus) and the use of barter.
can someone please explain this to me?
thanks in advanced![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
can someone please explain this to me?
thanks in advanced