Question

The element of economic development is define as the process, Real National Income and
over a longer period. According to

(a) Prof. Colin clerk
(b) UNDP
(c) Prof. Meier and Baldwin
(d) SHGs​

Answer 1

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Unlike the stages of economic growth (which were proposed in 1960 by economist Walt Rostow as five basic stages: traditional society, preconditions for take-off, take-off, drive to maturity, and age of high mass consumption), there exists no clear definition for the stages of economic development