Linear Stages of Growth

The Linear Stages of Growth is an economic theory that suggests countries develop in a series of sequential stages. Typically, these stages range from traditional agricultural societies to more advanced industrial and eventually service-oriented economies. Each stage builds on the previous one, as nations adopt new technologies and practices, improving productivity and living standards. This model emphasizes the importance of investment, education, and infrastructure, highlighting that economic growth is a progressive journey requiring specific conditions and policies at each stage to foster development and transition to the next level.