This stage (Drive to Maturity) is the period of rapid technological change, introduction of new management methods, expansion of international trade and extensive use of credit. The growth of the economy is rapid with high employment level and high income.High Mass Consumption Stage. The benefits of specialization and automation brings out a high level income to the population thus giving them access to an abundance of consumption goods. Society begins look towards enjoyment of leisure rather than hard-nosed economic struggle. At this point, education for professional training is emphasized to meet the needs of the society with high technology and complex business organization.
