Dual-sector model
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Who is Dual-sector model?
The dual-sector model is a model in developmental economics. It is commonly known as the Lewis model after its inventor Sir William Arthur Lewis, winner of the Nobel Memorial Prize in Economics in 1979. It explains the growth of a developing economy in terms of a labour transition between two sectors, the capitalist sector and the subsistence sector.
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"Dual-sector model." Biographies.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.biographies.net/people/en/dual_sector_model>.
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