Economics, Political

NameUniversityCourseTutorIntroductionAccording to Lewis in his theory of theory of article down , tenuous unquestionable countries gather in dual economies in the backbone that they have developed industrial vault of heaven and developing traditionalistic field that is based on agriculture . This knowledge model of dichotomy was developed in the year 1954 . in his assumptions , traditional outlandish sector is purely subsistence in the since that solely out station is directed ton satisfy the flying needs of the large number but not mercantile . The reasons behind this were that the productivity is bring down that that of the urban developed sector due to the following reasons . The income in the rural traditional sector is minimal and as a result nest egg which be direct related to income level are to a fault low . This leads to increased underutilization of resources and high levels of unemployment .

at that place is to a fault minimal use of machines and ultramodern engineering science which is normally also expensive for those people who dwell in the traditional plain sector to acquire and use . The level of rearing is also low and thus the people s skills are really particular(a) . This also limits the capability of the people to employ modern technology and the result will be high approach of mathematical product and low productivity . The quality of the products is also fishy since the resources are not plent eousy utilized . There is no economies of sc! ale since some of the procurement carried out in this traditional undeveloped sector is in small scale . The radical is also rattling poor...If you want to get a full essay, order it on our website: BestEssayCheap.com

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