Economics · Economic Growth Models
In Rostow's stages of economic growth model, which characteristic is most closely associated with the 'Take-Off' stage?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Dominance of traditional agriculture
- 2Economic diversification across all sectors
- 3Rapid industrial growth and increase in investment rate✓
- 4High mass consumption and welfare focus
Correct answer
Rapid industrial growth and increase in investment rate
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