• Dr Ramsundar Bairagya
• Tarun Kumar Dey

A dual economy is the existence two different sectors using different techniques of production process. Dual economy is the common features of under-developed country like India. A capitalist based manufacturing sector that uses capital-intensive techniques of production with higher productivity and hence offer higher wage rate. On the contrary, agricultural sector uses labour-intensive techniques of production with lower productivity and hence offer lower wage rate. The dynamic stability will establish in a hypothetical condition when there will be no rural – urban gap i.e. in the ultimate stage of development and the country will reach in fully industrialist. This paper tries to apply the Cobweb model to minimize this wage-gap.

development, dynamic, dual, migration, stability, wage rate

"Application of Cobweb Model in Rural-Urban Migration", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.778-783, December-2018, Available :http://www.jetir.org/papers/JETIR1812D14.pdf

"Application of Cobweb Model in Rural-Urban Migration", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp778-783, December-2018, Available at : http://www.jetir.org/papers/JETIR1812D14.pdf