Social Studies, 14.04.2021 19:30 shaymabejja1965
Match the correct stage of the Rostow's stage of economic growth
Traditional Society, Preconditions for Takeoff, Takeoff, Drive to Maturity ,High Mass Consumption
-Creates new industries while strengthening existing ones. Improves energy, transportation, and communication systems. Sees economic growth greater than population growth. Invests in social infrastructure (schools, hospitals etc.)
-Primitive form of organization; political power is local, regional, or based on land ownership. Family plays a dominant role. Social structures limit economic mobility
-People start to seek knowledge and break away from the traditional mindset. The workforce shifts from agriculture to manufacturing. Investment increases and output rises. Industry accelerates and infrastructure improves.
-Political, social, and institutional frameworks in society change. Urbanization increases, infrastructure continues to improve, and production capacity surges in some manufacturing industries, with technological advances as well.
-Consumerism ,spends money on nonessential goods. Purchase of high order goods become common. Supports a strong tertiary sector. Trade expands.
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Match the correct stage of the Rostow's stage of economic growth
Traditional Society, Preconditions...
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