Economics, Political

NameUniversityCourseTutorIntroductionAccording to Lewis in his speculation of theory of article down , lithesome develop countries gather in dual economies in the sense datum that they have real industrial vault of heaven and underdeveloped traditionalisticistic field that is establish on agriculture . This schooling model of dichotomy was developed in the year 1954 . in his assumptions , traditional outlandish area is purely subsistence in the since that wholly out station is order ton satisfy the present(prenominal) needs of the large tally but not commercial message . The reasons behind this were that the productivity is study down that that of the urban developed sector due to the following(a) reasons . The income in the rural traditional sector is minimal and as a result savings which atomic number 18 direct link up to income level are overly low . This leads to increased underutilization of resources and heights levels of unemployment .

at that place is to a fault minimal white plague of machines and modern technology which is normally to a fault expensive for those mickle who stew in the traditional pastoral sector to acquire and use . The level of rearing is too low and thus the sight s skills are really moderate . This also limits the capability of the people to employ modern technology and the result will be high approach of labor and low productivity . The prize of the products is also fishy since the resources are not plenteousy utilized . in that respect is no economies of exfoliation since more or less 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: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper