Traditional Culture Encyclopedia - Traditional culture - What does the traditional economic sector of modern social economy in China mainly refer to?
What does the traditional economic sector of modern social economy in China mainly refer to?
The traditional economic sector is a small-scale peasant economic system that has existed for thousands of years, mainly referring to agriculture, fisheries, animal husbandry and so on.
The modern economic sector is a modern industrial and commercial economic system, which mainly refers to industry, finance, information industry, tourism and so on.
Lewis abandoned the hypothesis that the labor force in neoclassical economics is not infinite supply, and divided a country into two sectors, namely "traditional economic sector" and "modern economic sector". China is now a dual economic structure, where modern economic sectors and traditional economic sectors coexist.
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