Question : 'Take-off stage' in an economy means
Option 1: steady growth begins
Option 2: economy is stagnant
Option 3: the economy is about to collapse
Option 4: all controls are removed
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Correct Answer: steady growth begins
Solution : The correct answer is steady growth begins .
A country is said to take off when it has made comprehensive changes to its resources and embarked on a path of economic growth that continues for decades. The stage lasts for 20 to 30 years, during which the process of economic development of the country becomes self-sustaining. The third most important stage of growth is called the take-off stage.
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