A country has reached a level of economic development where the manufacturing of both semidurable and nondurable consumer goods has just begun. Also, the goods demanded relate to equipment and supplies to support manufacturing. In which stage of Rostow's five-stage model of economic growth does the country fit?

Question

Jordan Ferrell

Business

21 June, 02:59

A country has reached a level of economic development where the manufacturing of both semidurable and nondurable consumer goods has just begun. Also, the goods demanded relate to equipment and supplies to support manufacturing. In which stage of Rostow's five-stage model of economic growth does the country fit?

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Amelie Lane · Answer 1

Answer: Takeoff stage

Explanation: In Rostow's five-stage model of economic growth states various factors of the required economic condition necessary for that country to develop. One such stage is the takeoff stage. i. e.

Take-off stage states

(a) In this particular period Urbanization will increases.

(b) Industrialization proceeds as technological progress will take place.

(c) Secondary sector expands.

It should be also duly noted that during this stage, Textiles and apparel are usually the first "take-off" industry.

Hence, a country where the manufacturing of both semi durable and non durable consumer goods has just begun. Also, the goods demanded relate to equipment and supplies to support manufacturing has reached the takeoff stage in Rostow's five stage model of economic growth.