In Rostow’s stages of economic growth, the ‘take-off’ stage is characterized by:
1
A shift from an agrarian to an industrial economy, with a marked increase in the rate of investment and the development of key industries.
2
The country’s total output beginning to decline due to over-reliance on agricultural sectors.
3
A rapid increase in population with no change in economic structure, leading to higher unemployment.
4
A period of economic stagnation, where no substantial investment occurs, and industrial development remains limited.