Question

Which of the following stages fall/s under economic growth and development?

• A. The take-off stage
• B. The mass consumption stage
• C. The traditional stage
• D. All of the above

Answer 1

The correct option is D

All of the above

Every economy has to go through each of these stages linearly with a number of conditions which are likely to occur in investment, consumption and social trends at each state of an economy.