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Encyclopedia > Dual economy

Part of a series on
Economic systems
An economic system is a mechanism (social institution) which deals with the production, distribution and consumption of goods and services in a particular society. ...

Ideologies and Theories

Primitive communism
Capitalist economy
Corporate economy
Fascist economy
Natural economy
Socialist economy
Communist economy
Primitive communism, according to Karl Marx and Friedrich Engels, is the original society of humanity. ... It has been suggested that Definitions of capitalism be merged into this article or section. ... Historically, corporatism or corporativism (Italian: corporativismo) refers to a political or economic system in which power is given to civic assemblies that represent economic, industrial, agrarian, and professional groups. ... The economics of fascism refers to the economic policies implemented by fascist governments. ... Natural economy refers to a type of economy in which money is not used in the transfer of resources among people. ... Socialist economics is a broad, and sometimes controversial, term. ... This article is about communism as a form of society, as an ideology advocating that form of society, and as a popular movement. ...

Sectors and Systems

Closed economy
Dual economy
Gift economy
Informal economy
Market economy
Mixed economy
Open economy
Participatory economy
Planned economy
Subsistence economy
Underground economy
Virtual economy An autarky is an economy that limits trade with the outside world, or an ecosystem not affected by influences from the outside, and relies entirely on its own resources. ... A gift economy is an economic system in which the prevalent mode of exchange is for goods and services to be given without explicit agreement upon a quid pro quo (the Latin term for the concept of a favor for a favor). Typically, this occurs in a cultural context where... A market economy (also called free market economy or a free enterprise economy) is an economic system in which the production and distribution of goods and services takes place through the mechanism of free markets guided by a free price system. ... A mixed economy is an economy that has a mix of economic systems. ... An open economy is an economy in which people, including businesses, can trade in goods and services with other people and businesses in the international community at large. ... Participatory economics, often abbreviated parecon, is a proposed economic system that uses participatory decision making as an economic mechanism to guide the allocation of resources and consumption in a given society. ... This box:      A planned economy is an economic system in which a single agency makes all decisions about the production and allocation of goods and services. ... Media:Example. ... This box:      The underground economy or shadow economy consists of all commerce that is not taxed. ... A virtual economy (or sometimes synthetic economy) is an emergent economy existing in a virtual persistent world, usually in the context of an Internet game. ...

Related articles

Anglo-Saxon economy
American School
Global economy
Hunter-gatherer economy
Information economy
New industrial economy
Palace economy
Plantation economy
Social market economy
Token economy
Traditional economy
Transition economy
Anglo-Saxon economy or Anglo-Saxon capitalism (so called because it is largely practiced in English speaking countries such as Australia, the United Kingdom and the United States) is a capitalist macroeconomic model in which levels of regulation and taxes are low, and the quality of state services and social... The American School also known as National System in politics, policy and philosophy represents three different yet related things. ... The rise of technology has allowed our environment to be characterized as a global one. ... In anthropology, the hunter-gatherer way of life is that led by certain societies of the Neolithic Era based on the exploitation of wild plants and animals. ... Information economy is a loosely defined term to characterize an economy with increased role of informational activities and information industry. ... Countries currently considered NICs. ... A palace economy is a system of economic organisation in which wealth flows out from a central source (the palace), eventually reaching the common people, who have no other source of income. ... This box:      A plantation economy is an economy which is based on agricultural mass production, usually of a few staple products grown on large farms called plantations. ... The Social market economy was the German and Austrian economic model during the Cold War era. ... A token economy is a system of behavior modification based on the principles of operant conditioning. ... This article or section does not adequately cite its references or sources. ... A transition economy is an economy which is changing from a planned economy to a free market. ...

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A dual economy is the existence of two separate economic systems within one country. Dual economies are common in less developed countries, where one system is geared to local needs and another to the global export market. Image File history File links Portal. ... A developing country is a country with low average income compared to the world average. ...


Dual economies need not be across economic sector boundaries. An example of a dual economy within the same sector is a modern plantation or other commercial agricultural entity operating in the midst of traditional cropping systems. // This article is about crop plantations. ...


  Results from FactBites:
 
Economic system - Wikipedia, the free encyclopedia (475 words)
There is often a strong correlation between certain ideologies, political systems and certain economic systems (for example, consider the meanings of the term "communism").
Many economic systems overlap each other in various areas (for example, the term "mixed economy" can be argued to include elements from various systems).
Typically, "left-wing" economic systems involve a greater role for society and/or the government to determine what gets produced, how it gets produced, and who gets the produced goods and services, with the stated aim of ensuring social justice and a more equitable distribution of wealth (see welfare state).
lp (928 words)
DUAL ECONOMY: 2001 Female Farmer of the Year NoSandla Kali and her sister Nophelo Kali stand next to their Nqamakwe region food and sunflower display at an expo mounted by farmers and Department of Agriculture officials at the opening of the Bisho Legislature last week.
Mbeki still wants the single global national economy to absorb those millions, towards half the adult population, who are presently economically trapped in non-functioning local township and rural marginalised economies.
The high levels of dependency on the global economy, the inactivity and poverty of most people in these areas and the fact that in the model the numerous poor are a "cost" to the state opens up an unnecessary tension between the two economies.
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