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According to W. W. Rostow's 'The Stages of Economic Growth', what are the stages of economic growth?
According to W. W. Rostow's 'The Stages of Economic Growth', what are the stages of economic growth?
- Agricultural society, industrial society, service society, knowledge society, digital society
- Hunting and gathering society, agrarian society, industrial society, post-industrial society, futuristic society
- Traditional society, preconditions for take-off, take-off, drive to maturity, age of high mass consumption (correct)
- Pre-industrial society, industrial society, post-industrial society, technological society, information society
In W. W. Rostow's 'The Stages of Economic Growth', what characterizes the 'take-off' stage?
In W. W. Rostow's 'The Stages of Economic Growth', what characterizes the 'take-off' stage?
- Shift from agriculture to manufacturing, with technological innovation and infrastructure development
- Rapid growth in a limited number of economic activities such as textiles or food processing (correct)
- Introduction of digital technologies and automation in production processes
- Transition from a rural, agrarian society to an urban, industrial society
What is the primary focus of W. W. Rostow's 'The Stages of Economic Growth'?
What is the primary focus of W. W. Rostow's 'The Stages of Economic Growth'?
- The impact of climate change on economic systems
- The relationship between government policies and income inequality
- The process of economic development and modernization (correct)
- The history of economic recessions and depressions
According to Rostow's model, what is the 'drive to maturity' stage characterized by?
According to Rostow's model, what is the 'drive to maturity' stage characterized by?
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What distinguishes Rostow's 'age of high mass consumption' stage?
What distinguishes Rostow's 'age of high mass consumption' stage?
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