economics_for_manager, Role in market equilibrium.

May 20th, 2015
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Rate of investment goes up (from 10% to 20%). Improvements in condition of labour. Per capita income and living standards goes up. Production is managed by efficent managers New technology

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Take-off is an industrial revolution, tieddirectly to radical changes in methodes ofproduction, having their decisiveconsequences over a relatively shortperiod of timeRise in rate of investment. Development of leading sectors. Changes in cultural frame-work.Net investment should be more than 10 %of national income. Growth in national output should outstripthe growth of population growth. Adequate supply of loanable funds arenecessary (may obtain from mobilisingdomestic saving or through import ofcapital).Primary growth sector. Supplementary growth sector. Derived growth sector.The dogmatic ideas are replaced by newideology to accelerate the pace ofeconomic development. Efforts are made to increase savings toboost investment.Ploughing back of profits.Use of savings for investment.Development of financial institutions.Raise demand for domestic products.External resources.Technical advancement.Foreign trade.Government policy.Economic development.THE DRIVE TOMATURITYRostow defines it as the period when asociety has effectievely applied the rangeof modern technology to the bulk of itsresourcesRate of investment goes up (from 10% to20%). Improvements in condition of labour. Per capita income and living standardsgoes up. Production is managed by efficentmanagers New technology. International trade. Dependence on ot

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