INTERNATIONAL ECONOMICS STAGES OF DEVELOPMENT
International economics stages development: 5 STAGES OF ECONOMIC DEVELOPMENT 1) Traditional society: most important economic demand associated with natural resources extraction 2) Preconditions for takeoff: manufacturing is beginning and primary needs will be related to infrastructure development 3) Takeoff: manufacturing of both semidurable and nondurable consumer goods has begun; goods demanded related to equipment and supplies to support manufacturing 4) Drive to […]
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