Examlex
What is the first stage of Rostow's five-stage model of economic development?
Goods
Physical items that are produced, bought, or sold to satisfy wants or needs of consumers.
Services
Intangible products provided to consumers, such as healthcare, education, and financial advice, that do not result in ownership of any physical goods.
Supply Chain
The network of suppliers, manufacturers, distributors, and retailers that work together to produce and deliver products to the end consumer.
Global Operations
Business activities conducted on an international scale, encompassing the production, distribution, marketing, and sales of goods and services around the world.
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