A service based economy is made up primarily of service industries (rather than agriculture, minining, oil extraction or manufacturing. Services (in the economic sense) include a vast range of activities, from banking and insurance to shipping, tourism, restaurants and education. A service based economy is a fiction flogged by Reaganites, ivory tower economists and the Chinese-funded Brookings Institute and CFR that espouses the view that in the future when all capital equipment, consumer goods and weapon systems are being made in East Asia/Europe, companies in Beijing and Berlin will ring up American firms and hire them to consult/market/provide legal advice because Americans possess innate qualities that will allow them to dominate these services, despite not being able to make the goods.
A healthy economy will be based on primary production , and manufacturing industries. Low value (low added value) activities such as retailing add little to a healthy economy.
excludes value added from the underground economy, such as tips taken "under the table.
Its contribution to the economy.
There are 3 types. Market economy, Planned economy and Mixed economy (most common).
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What is the Re-branding and value re-orientation in a depressed economy?
A healthy economy will be based on primary production , and manufacturing industries. Low value (low added value) activities such as retailing add little to a healthy economy.
To maximise wealth- Theory of FirmsIn charity to get value for money by economy, efficiency and effectiveness. - 3 E's
excludes value added from the underground economy, such as tips taken "under the table.
Its contribution to the economy.
1) Measure all of the income in an economy (wages, taxes, transfers, etc.). 2) Measure the value-added on goods (i.e.) the change in value when wood is turned into a chair). 3) Measure all expenditure (consumption, investment, government spending, etc.). All three of these methods are used in income accounting and should always end up with the same result. This is because all income in an economy must be expended and the value of the expenditure and income is equivalent to the value of production (value-added to goods).
There are 3 types. Market economy, Planned economy and Mixed economy (most common).
This is all interrelated to the U.S. financial economy. It is now a World Economy.
Economy means the financial and industrial system of a country. Economy consisted of 3 things. The 3 things that the economy has is production, distribution or trade.
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