Impetus to change

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Take-off

1. Change jobs from primary to secondary sector 2. Individuals to invest in secondary sector

Traditional society

1. Elites innovate economic activity 2. International trade

Pre-conditions to take-off

1. Improved technology and infrastructure 2. Surplus in wealth

High mass consumption

1. Modernizing with technology

Drive to maturity

1. Switch from secondary to tertiary 2. Outsourcing to LDCs for cheap labor


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