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Take-off Stage


This is the stage of acceleration of economic in the economy. By this time the productive activity has expanded through technological change and increased investment. By this time, employment is high and the domestic and foreign markets are being fully developed. So rapid is the change taking place at this stage that education and training must be stepped up to provide the manpower requirments for the changes and expansion of trade, industry and agriculture. At the same time the total value of the goods and services produced in the economy is sustained at seven (7) percent per annum, way above the annual population growth rate.

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