Question:

Changes in world and national economy?

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shift from dominance by manufacturing to dominance by services

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2 ANSWERS


  1. Yup.  As manufacturing processes get more and more efficient, people shift more to a service economy.  This happens mostly in more affulent countries.


  2. It is happening in many countries, they shift to services - services easier to do than boring manufacturing, it requires less investments thus are less risky. but usually real-sector production should keep ratio about 20~30% of GDP.

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