According to Rostow's Five Stages of Development, Which of the Following

question 3

Multiple Choice

According to Rostow's five stages of development, which of the following happens during Stage 1?

• A)Improved infrastructure.
• B)Increased saving and investment.
• C)More industrialization.
• D)Subsistence agriculture.

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Definitions:

Apparent Authority

Refers to a situation where a third party correctly believes that an agent has the power to act on behalf of a principal, even if the agent does not have the actual authority.

Capital Contributed

The amount of money or assets that owners, partners, or shareholders have invested in a company or partnership.

Partnerships

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.

Voting Rights

Legal rights established to protect individuals' abilities to participate in the electoral process, ensuring their votes are cast and counted accurately.