The four phases of modernization proposed by economist Walt Rostow in 1960 are:
- "Pre-condition": or need for an improvement in the way a particular activity is being done in society.
- The "pre-condition takes off": Efforts targeted to assess this need start, including the production of raw materials and knowledge developments.
- "Take-off": Knowledge previously created during the latter phase is diffused and adopted by the masses.
- "Maturity": The development has reached a peak where it is common knowledge and the impact over society has already occurred.
Human history and prehistory
I would say it is false that t<span>he need to keep records of taxes led to the development of a written number system, if this is a true/false question.</span>
In managerial accounting and cost accounting, production costs are the direct materials, direct labor, and manufacturing overhead used to manufacture products. The production costs are also referred to as manufacturing costs, product costs, a manufacturer's inventoriable costs, or the costs occurring in the factory.
