'Take-off stage' in an economy means - (1) Steady growth begins. (2) Economy is stagnant. (3) Economy is about to collapse. (4) All controls are removed.

'Take-off stage' in an economy means - (1) Steady growth begins. (2) Economy is stagnant. (3) Economy is about to collapse. (4) All controls are removed.
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(1) Steady growth begins. Explanation: Rostow's 'Stages of Economic Growth' (1960) presented five stages through which all countries must pass to become developed: 1) traditional society, 2) preconditions to take-off, 3) take-off, 4) drive to maturity, and 5) 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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Last Answer : answer:

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