High Levels and Labour Intensive Agricultural Activities Characterized the

question 36

Multiple Choice

High levels and labour intensive agricultural activities characterized the

• A) take-off stage.
• B) traditional society.
• C) preconditions to take-off stage.
• D) drive to maturity stage.
• E) high mass consumption.

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Definitions:

Economic Expansions

Phases in the business cycle where the economy grows, marked by increased production, employment, and consumer spending.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, organized into two opposing military alliances.

Hyperinflation

An extremely high and typically accelerating inflation rate, causing a rapid erosion of currency's real value.

Deflation

A decrease in the general price level of goods and services, often indicating an economic decline.