Which stage of economic development is associated with subsistence farming and the practice of consumption of outputs by producers rather than trading them?
a.
Transitional stage
b.
Traditional society
c.
Mass consumption
d.
Take-off
Answer: B
Which stage of economic development is associated with subsistence farming and the practice of consumption of outputs by producers rather than trading them?
a.
Transitional stage
b.
Traditional society
c.
Mass consumption
d.
Take-off
Answer: B