Question

Using the Graphic Organizer, give your own idea about the five stage of

economic development.

5 sentences​

Answer 1

Answer:

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.