An economic system where two distinct agricultural sectors coexist, often with one being modern and commercial and the other traditional and subsistence, is known as what?

An economic system where two distinct agricultural sectors coexist, often with one being modern and commercial and the other traditional and subsistence, is known as what?

• A. Dual Agricultural Economy
• B. Agribusiness
• C. Green Revolution
• D. Third Agricultural Revolution

Answer: (A)

The main idea being tested is that an economy can have two distinct farming systems operating side by side: a modern, commercial sector and a traditional, subsistence sector. The term that best describes this situation is a dual agricultural economy because “dual” signals two parallel but different agricultural realms within one economy—one that is capital-intensive, market-oriented, and integrated into larger supply chains, and another that is low-input, small-scale, and geared mainly toward household or local food needs. This concept helps explain why development dynamics and policy needs differ within the agricultural sphere, including differences in technology, access to credit, land, and markets between the two sectors. The other options don’t capture this coexistence. Agribusiness focuses on the business side of farming and value chains, not the presence of a traditional subsistence sector alongside a modern one. The Green Revolution and the Third Agricultural Revolution describe broad technological shifts and intensification in agriculture, not the persistent structure of two separate farming systems within the same economy.

The main idea being tested is that an economy can have two distinct farming systems operating side by side: a modern, commercial sector and a traditional, subsistence sector. The term that best describes this situation is a dual agricultural economy because “dual” signals two parallel but different agricultural realms within one economy—one that is capital-intensive, market-oriented, and integrated into larger supply chains, and another that is low-input, small-scale, and geared mainly toward household or local food needs.

This concept helps explain why development dynamics and policy needs differ within the agricultural sphere, including differences in technology, access to credit, land, and markets between the two sectors. The other options don’t capture this coexistence. Agribusiness focuses on the business side of farming and value chains, not the presence of a traditional subsistence sector alongside a modern one. The Green Revolution and the Third Agricultural Revolution describe broad technological shifts and intensification in agriculture, not the persistent structure of two separate farming systems within the same economy.