Critical Thinking many developed countries, including the u.s., have in recent decades become primarily service economies; that is, there is relatively little manufacturing of goods, and most people in the economy are employed by service industries. Why do you think this has occurred? in what ways is this trend a good and/or a bad thing for a country? Do you think this trend will continue?

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter32: Macroeconomic Policy Around The World
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Problem 20RQ: Is inflation likely to be a problem for at least some low- and middle-income economies in the near...
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Critical Thinking many developed countries, including
the u.s., have in recent decades become primarily service
economies; that is, there is relatively little manufacturing
of goods, and most people in the economy are employed
by service industries. Why do you think this has occurred?
in what ways is this trend a good and/or a bad thing for a
country? Do you think this trend will continue?

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