Question

Relevance of rostow's stage of development in nowadays life?

Answer 1

Answer:

• Stages of development
• Stages of developmentThe traditional society. An economy in this stage has a limited production function which barely attains the minimum level of potential output. ...
• Stages of developmentThe traditional society. An economy in this stage has a limited production function which barely attains the minimum level of potential output. ...The preconditions for take-off. ...
• Stages of developmentThe traditional society. An economy in this stage has a limited production function which barely attains the minimum level of potential output. ...The preconditions for take-off. ...The take-off. ...
• Stages of developmentThe traditional society. An economy in this stage has a limited production function which barely attains the minimum level of potential output. ...The preconditions for take-off. ...The take-off. ...The drive to maturity. ...
• Stages of developmentThe traditional society. An economy in this stage has a limited production function which barely attains the minimum level of potential output. ...The preconditions for take-off. ...The take-off. ...The drive to maturity. ...The age of high mass-consumption. ...
• Stages of developmentThe traditional society. An economy in this stage has a limited production function which barely attains the minimum level of potential output. ...The preconditions for take-off. ...The take-off. ...The drive to maturity. ...The age of high mass-consumption. ...Beyond consumption (the search for quality)

Answer 2

Answer:

Rostow's model summarises economic growth of countries into five different stages: traditional society - characterised by subsistence farming or hunter-gathering. preconditions for take off - manufacturing industry begins to develop, and a country develops an international outlook.....

Explanation:

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