Which stage of economic development is a time of change from the traditional way of doings things in a society to moving toward economic and cultural change?

Question 5 options:

Takeoff

Primitive equilibrium

Semidevelopment

Transition

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30 July, 05:58

Which stage of economic development is a time of change from the traditional way of doings things in a society to moving toward economic and cultural change?

Question 5 options:

Takeoff

Primitive equilibrium

Semidevelopment

Transition

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Answers (1)

Know the Answer?

Deanna Bryant · Answer 1

takeoff

Explanation:

Takeoff is a stage marked by rapid economic growth based upon a few key economic industries or sectors, such as steel, railroads, textiles, and food production. Drive to maturity is a stage where the economy continues to grow and to diversify from the handful of industries that drove growth in the previous stage.

Which stage of economic development is a time of change from the traditional way of doings things in a society to moving toward economic and cultural change?Question 5 options:TakeoffPrimitive equilibriumSemidevelopmentTransition

Which stage of economic development is a time of change from the traditional way of doings things in a society to moving toward economic and cultural change?

Question 5 options:

Takeoff

Primitive equilibrium

Semidevelopment

Transition