The crucial stage of economic DEVELOPMENT when an economy ‘takes off’ into steady growth because its capital-output and savings ratios rise to at least 10 per cent of national income. This first occurred in the older industrialized...

Takeoff is the phase of flight in which an aircraft goes through a transition from moving along the ground (taxiing) to flying in the air, usually on a runway. For balloons, helicopters and some specialized fixed-wing aircraft (VTOL aircraft such as the...