It has been observed that all industrialized countries have become "service economies" in recent years. This can be explained by The arrival of the information age and labor saving innovation in the manufacturing sector O The use of labor-intensive methods of production in the manufacturing sector O The restrictive trade practices followed by the industrialized nations. O The rise of trade unionism and idle capacity in the manufacturing sector.
It has been observed that all industrialized countries have become "service economies" in recent years. This can be explained by The arrival of the information age and labor saving innovation in the manufacturing sector O The use of labor-intensive methods of production in the manufacturing sector O The restrictive trade practices followed by the industrialized nations. O The rise of trade unionism and idle capacity in the manufacturing sector.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter21: Economic Development
Section: Chapter Questions
Problem 2QFR
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![It has been observed that all industrialized countries have become "service economies" in recent years. This can be explained by:
The arrival of the information age and labor saving innovation in the manufacturing sector
The use of labor-intensive methods of production in the manufacturing sector
The restrictive trade practices followed by the industrialized nations.
The rise of trade unionism and idle capacity in the manufacturing sector.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9ecdd586-d90f-4b01-9735-d33df7ee50d8%2F964f3eac-6c7e-4089-8449-4a9f35c83646%2F94b1mdc_processed.png&w=3840&q=75)
Transcribed Image Text:It has been observed that all industrialized countries have become "service economies" in recent years. This can be explained by:
The arrival of the information age and labor saving innovation in the manufacturing sector
The use of labor-intensive methods of production in the manufacturing sector
The restrictive trade practices followed by the industrialized nations.
The rise of trade unionism and idle capacity in the manufacturing sector.
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