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  2. Dual-sector model - Wikipedia

    en.wikipedia.org/wiki/Dual-sector_model

    The Dual Sector model, or the Lewis model, is a model in developmental economics that explains the growth of a developing economy in terms of a labour transition between two sectors, the subsistence or traditional agricultural sector and the capitalist or modern industrial sector.

  3. Dual economy - Wikipedia

    en.wikipedia.org/wiki/Dual_economy

    Sir Arthur Lewis used the concept of a dualistic economy as the basis of his labour supply theory of rural-urban migration. Lewis distinguished between a rural low-income subsistence sector with surplus population, and an expanding urban capitalist sector (see Dual-sector model). The urban economy absorbed labor from rural areas (holding down ...

  4. Lewis turning point - Wikipedia

    en.wikipedia.org/wiki/Lewis_turning_point

    The Lewis turning point is a situation in economic development where surplus rural labor is fully absorbed into the manufacturing sector. This typically causes agricultural and unskilled industrial real wages to rise. The term is named after economist W. Arthur Lewis. Shortly after the Lewis point, an economy requires balanced growth policies. [1]

  5. Lewis model - Wikipedia

    en.wikipedia.org/wiki/Lewis_model

    Lewis model may refer to: William Arthur Lewis's model of economic development i.e. the dual-sector model; Richard D. Lewis's Lewis Model of Cross-Cultural Communication; Lewis acids and bases, a model proposed by Gilbert N. Lewis; John Lewis Partnership, a British public limited company owned by a trust on behalf of its employees

  6. Development economics - Wikipedia

    en.wikipedia.org/wiki/Development_economics

    There are two major forms of structural-change theory: W. Lewis' two-sector surplus model, which views agrarian societies as consisting of large amounts of surplus labor which can be utilized to spur the development of an urbanized industrial sector, and Hollis Chenery's patterns of development approach, which holds that different countries ...

  7. A top Fed official leans toward December rate cut but says it ...

    www.aol.com/top-fed-official-leans-toward...

    A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could ...

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  9. 4 Signs Your Almond Milk Has Definitely Gone Bad - AOL

    www.aol.com/4-signs-almond-milk-definitely...

    Almond milk can come in many different forms that can affect the taste, consistency, and shelf life. Homemade almond milk expires the fastest, thanks to the lack of additives, pasteurization, and ...