Linear-stages theory

Linear-stages theory 

Define: Linear-stages theory describes development as a series of stages of economic growth. This can involve saving, foreign aid, and investment.

web.uvic.ca/~ramanik/320s/chapter4.pp

Apply: When considering community development, it could be helpful to consider linear-stages theory as it recognizes economic development as the key driver of community development. In a community which is suffering due to lack of investment or poor economic opportunity, planning for the future of the community in stages of economic development could be helpful. 

Adapt: Linear stages theory can also be relevant for a single business looking to grow. By considering their financial growth in stages, from saving, investment in their own growth, and perhaps an influx of cash from an investor, the small business can grow larger.