Question

A
economy
is
at the
take off stage
the development, it is
_____
( fill in the blank)​

Answer 1

Answer:

The third significant stage of growth is the stage of take-off. The period of this stage is 20 to 30 years during which the economy development process is automatic and the economy becomes self-reliant. Self-reliance, means that the economy can develop without external assistance.

Answer 2

Explanation:

I hope it will help you.

The third significant stage of growth is the stage of take-off.

The period of this stage is 20 to 30 years during which the economy development process is automatic and the economy becomes self-reliant.

Self-reliance, means that the economy can develop without external assistance. New Industries are set up which start generating savings due to which investment level goes up, which in turn helps in raising national income.

“Take-off is an industrial revolution, tied directly to radical changes in methods of production, having their decisive consequences over a relatively short period of time”-Rostow.

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