'Take off stage' is an economy means,

3. 'Take off stage' is an economy means,

  1. Economy is stagnant
  2. Economy is about to collapse
  3. Steady growth begins
  4. All controls are removed

Answer: C) Steady growth begins

Explanation:

Rostow's (1960) 'Stages of Economic Growth' has introduced five stages that all countries must go through in order to develop: 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 a short period of great growth when industrial development begins, and workers and institutions focus on the new industry.


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