ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stage 1:Traditional Society
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Stage 2:Pre-Condition for Take-Off
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Stage 3:Take-Off
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Stage 4:Drive to Maturity
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Stage 5:High Mass Consumption
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Detailed explanation-1: -Sociologists studying urbanization trends note three distinct historical stages in the development of cities: preindustrial, industrial, and metropolitan‐megalopolitan stages.
Detailed explanation-2: -Now, urbanization process can be divided into four stages: initial stage, acceleration stage, deceleration stage, and terminal stage.
Detailed explanation-3: -Urbanisation is occurring faster in developing countries, with Africa and Asia showing the highest rates of urbanisation. Ethiopia has an urban growth rate of 4% per year, which is among the highest in Africa and in the world, but it is starting from a low proportion of people living in cities (18%).
Detailed explanation-4: -Third stage is known as terminal stage where urban population exceeds 70% or more. At this stage level of urbanization (Davis, 1965) remains more or less same or constant. Rate of growth of urban population and total population becomes same at this terminal stage.