Description : What is the mean of ‘Take off stage’ in an economy? -General Knowledge
Last Answer : answer:
Description : What is the mean of ‘Take off stage’ in an economy? -Do You Know?
Description : '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.
Last Answer : (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 ... which industrialization begins to occur, and workers and institutions become concentrated around a new industry.
Description : ‘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.
Last Answer : Steady growth begins.