State features of an economy which has attained the drive to maturity stage of economic growth
- Long sustainable growth
- Very high degree of industrialization
- Very low rate of population growth
- New production techniques
- High and well developed infrastructure
- High rate of investment i.e. over 10 – 20% of GNP
- High level of managerial skills
- Increased levels of research and innovativeness
- Economy become self-sustaining
CATEGORIES Economics
TAGS Dr. Bbosa Science
