Takeoff
Definition
This is the third stage in Rostow's model where rapid growth is generated in a few key sectors leading to substantial increase in income per capita.
Related terms
Income Per Capita: A measure of the amount of money that each person earns in a particular population.
Industrialization: The process by which an economy is transformed from primarily agricultural to one based on manufacturing goods.
Economic Growth Rate: An increase in capacity an economy has to produce goods and services compared over time.
"Takeoff" appears in:
Study guides (1)
AP Human Geography - 7.5 Theories of Development
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About Us
About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
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Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.