Growth Stages Of Economies
Traditional society, little increase in productivity, no modern science application systematically, low level of literacy.
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| Source:teara.govt.nz |
Stage 2:
The preconditions of takeoff, modern techniques in agriculture and production, developments in infrastructure and social institutions.
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| Source:Wikipedia |
Stage 3:
The takeoff, normal growth patterns, rapid agricultural and industrial modernization, good social environment.
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| Source:Wikipedia |
Stage 4:
The drive to maturity, modern technology applied to all fronts, international involvement, can produce anything.
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| Source:theborneopost |
Stage 5:
The age of high mass consumption, production of durable goods and services.
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| Source:mattblake.net |
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