what does each stage of the index of economic development represent or illustrate

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04-04-2021
Geography

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what does each stage of the index of economic development represent or illustrate

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jman76316 jman76316 · Answer 1 · 2021-04-12T12:52:51-04:00

jman76316 jman76316

12-04-2021

Answer:

Unlike the stages of economic growth (which were proposed in 1960 by economist Walt Rostow as five basic stages: traditional society, preconditions for take-off, take-off, drive to maturity, and age of high mass consumption), there exists no clear definition for the stages of economic development.

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