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'Take off stage' is an economy means,
3. 'Take off stage' is an economy means,
- Economy is stagnant
- Economy is about to collapse
- Steady growth begins
- 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.