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The take off stage occurs when old traditions are finally overcome, and modern industrialized society is born. Investment rates rise from five percent of national income to ten percent, one or more major manufacturers emerge, political and social institutions are transformed, and growth becomes self-sustaining. The fourth stage sees the steady consolidation of the new industrialised society; investment continues to grow, some industries fade as others expand, large urban regions develop, and transport facilities become more complex. This progression reaches its zenith at stage five, which is characterised by mass production, the growth of quaternary occupations, and an increase in materialism and allocation of resources to social welfare...
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