What is meant by dualism? Discuss their types. How do they reinforce each other?
Dualism mainly refers to economic and social divisions in an economy, such as differences in technology between sectors, differences in the degree of geographic development and differences in social customs and culture.
Dualism can be in shape of geographic, social technological and financial. It would be worth noting that all these types of dualism may occur together, reinforcing each other.
We shall consider here the fact of persistent dualism in the context of Indian economy. The first question is what development problems create the existence of social and economic dualism in India and how dualism retards Indian economic development? We may search the answers in term of the following points:
Social Dualism in India
As far as social dualism is concerned in Indian economy, it is a fact that the indigenous Subsistence sector is always reluctant to alter its traditional way of life and to respond to incentives introduced in the urban economy. In India, since the development process has an urban bias, the Social dualism is an inevitable consequence in Indian economy.
The Social dualism in India can be traced in the coexistence of advancement of science and Superstitions and cost system, brain drain and illiteracy etc. One part of Indian economy is ready
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