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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.
Agricultural surplus plays a major role as a wage fund. Its importance can be better explained with the help of the graph on the right, which is an integration of the industrial sector graph with an inverted agricultural sector graph, such that the origin of the agricultural sector falls on the upper-right corner.
A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy.
Confronting these environmental challenges, Florida's agricultural sector—which plays an integral role in the state's economy and food supply—is at an inflection point.
Counties in Florida by GDP in 2021 (chained 2012 US$) The economy of the state of Florida is the fourth-largest in the United States, with a $1.695 trillion gross state product (GSP) as of 2024. [1]
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But after two back-to-back hurricanes – Helene and Milton – in late September and early October, the U.S. Department of Agriculture released its December forecast for the 2024-2025 citrus harvest.
TheSugar Cane Growers Cooperative of Florida dates began in the 1950s when 16 farmers met to discuss joining together with other farmers in the Glades Area, west of West Palm Beach, Florida, and southeast of Lake Okeechobee, to form a farming cooperative. In July 1960, 54 farmer-members chartered Sugar Cane Growers Cooperative of Florida.