Meaning of “dual economy” in the English Dictionary

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"dual economy" in Business English

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dual economynoun [ C ]

uk us ECONOMICS

an economic system that consists of two very different parts:

The country continues to exhibit the features of a dual economy, with a relatively dynamic oil export sector contrasting with sluggish growth in the rest of the economy.

(Definition of “dual economy” from the Cambridge Business English Dictionary © Cambridge University Press)