In the fourth stage of economic development referred to as __________, economic advisor Walt Rostow stated that there would be a corresponding high standard of living.

Question

Quizplus · Accepted Answer

In Rostow's model of economic development, the fourth stage is referred to as the high mass consumption stage. This stage is characterized by a high level of consumption, resulting in an overall high standard of living for the population.

In the Fourth Stage of Economic Development Referred to as __________