Question
‘Take-off stage’ in an economy means
Answer: Option D
Answer: (d)
Rostow’s ‘Stages of Economic Growth’ (1960) presented five stages through which all countries must pass to become developed:
traditional society,
preconditions to take-off,
take-off,
drive to maturity, and
age of high mass consumption.
Take-off is the short period of intensive growth, in which industrialization begins to occur, and workers and institutions become concentrated around a new industry.
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Answer: (d)
Rostow’s ‘Stages of Economic Growth’ (1960) presented five stages through which all countries must pass to become developed:
traditional society,
preconditions to take-off,
take-off,
drive to maturity, and
age of high mass consumption.
Take-off is the short period of intensive growth, in which industrialization begins to occur, and workers and institutions become concentrated around a new industry.
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