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      Question

      'Take off stage' is an economy

      means,
      A Economy is stagnant Correct Answer Incorrect Answer
      B Economy is about to collapse Correct Answer Incorrect Answer
      C Steady growth begins Correct Answer Incorrect Answer
      D All controls are removed Correct Answer Incorrect Answer

      Solution

      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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