Define economic growth
List 3 advantages to economic growth
List 3 disadvantages to economic growth
Define economic development
List 3 "fundamental changes" in society
What is the name of the economist who came up with stages of growth?
State and explain the first stage of Economic Growth
(Initial state)
State and explain the second stage of Economic Growth
(Aspirations)
State and explain the third stage of Economic Growth
(Happening)
State and explain the fourth stage of Economic Growth
(Furthering)
State and explain the fifth stage of Economic Growth
(The top)
List 3 problems with Rostow's theory
Define a LDC
In an LDC, income per person is...
Population growth in LDCs is...
Who owns the majority of the wealth in an LDC?
What is this known as?
What should governments of LDCS prioritise for economic growth?
What is essential for economic growth to take place?