Question

State any two change that an economy experience with economic development

Answer 1

Economic development is the process by which a nation improves the economic, political, and ... From the 1940s to the 1960s the state played a large role in promoting ... In economics, the study of economic development was borne out of an ... have sometimes experienced economic growth with little or no economic ..

Answer 2

Explanation:

There are five stages in Rostow's Stages of Development: traditional society, preconditions to takeoff, takeoff, drive to maturity, and age of high mas consumption. In the 1960s, American economist called W.W. Rostow developed this theory. It is based off of the models of economic activities.