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'Take off stage' in an economy means

  1. A
    steady growth begins.
  2. B
    economy is stagnant.
  3. C
    economy is about to collapse.
  4. D
    all controls are removed.

Solution & Step-by-step Explanation

In W.W. Rostow's stages of economic growth, the "take-off stage" signifies a brief period of rapid transformation where dynamic modern industries expand, net investment increases significantly, and the economy transitions to a path of self-sustained, steady growth.

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'Take off stage' in an economy means
A
steady growth begins.
B
economy is stagnant.
C
economy is about to collapse.
D
all controls are removed.

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Economic GrowthDevelopment ModelsRostow

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