Q. What is meant by 'take-off stage' in an economy?
Answer: Steady growth begins
Notes: Rostow's 'Stages of Economic Growth' (1960) presented five stages through which all countries must pass in order to develop: 1) traditional societies, 2) preconditions for take-off, 3) take-off Off, 4) the drive to maturity, and 5) the age of high mass consumption. Take-off is a short period of intensive growth in which industrialization begins to occur, and workers and institutions become centered around a new industry.

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