Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): According to Walt W. Rostow, the principal strategy of development necessary for a country's 'take-off' is the mobilization of domestic and foreign savings. Reason (R): Mobilization of domestic and foreign savings is necessary to generate sufficient investment to accelerate economic growth and increase the rate of productive investment. Choose the correct answer:

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Economics · Growth and Development Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both A and R are correct and R is the correct explanation of A.

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