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In recent years the US has been changing from a service economy to a manufacturing economy?
Wiki User
∙ 16y ago
During the Industrial Revolution our economy evolved around the manufactur of cars, steel, and what ever big order tickets they received from other countries. After World War 2 the economy filled with service jobs which are everywhere you go from the local bus transit driver, the waiter at the diner, the person who drycleans your outfits, the guy who installed your satellite or cable. While manufacturing is still a vital industry it is being threatened because manufacturing jobs are being outsourced to other countries. We have a treaty with Korea to import from their country but they still insist on limiting the amount of cars we can export over there. The formation of the UNION was very important in preserving industry workers jobs and rights. Unfortunately, 2007 marked a noticable decline in even the service industry and this is like the backbone of our economy. So the easy answer is yes.
Wiki User
∙ 16y ago
Wiki User
∙ 15y agoAbsolutely False. It will remain as a market economy (or in your case, a service economy).
Wiki User
∙ 14y agoWe have lost all our manufacuring base, and the final stake in our heart was our auto industry which has now been socialized by the Fed.
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What industries are found in the south today?
In recent times, the South has attracted many manufacturing and service industries fleeing the harsh weather of the "rust belt" Major industries include petroleum, steel, chemicals, food processing, textiles, and electronics.
Did Manufacturing account for 12 percent of the workers in the West?
No, manufacturing did not account for 12 percent of the workers in the West. The actual percentage of workers in the manufacturing sector in the West may vary, but it is unlikely to be as high as 12 percent. Manufacturing employment has been declining in many developed countries, including the United States, in recent years.
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The most recent Super Bowl was held in Indianapolis, Indiana.
In recent years the service sector of the US economy has?
Grown much more rapidly then the manufacturing sector.
What type of industries are included in a traditional economy?
When one defines a "traditional economy" it usually includes manufacturing, construction, farming, and very limited when it comes to "service" industry. In recent years we have moved to a predominantly "service" based economy. The exact opposite of a traditional economy.
What is experience economy?
next economy following the agrarian economy, the industrial economy, and the most recent service economy.
What sector of the economy has had the most growth in recent years?
Service
What sector of the economy has has the most growth in recent years?
Service
Is there a recent growth in manufacturing jobs within the USA?
s been greatly affecting this sector of the economy. Although, yes
Are there anymore manufacturing goods in Australia than office supplies?
Australia actually has many manufacturing segments in its economy. Automobile manufacturing has rising in recent years, with 4 major car companies now producing cars there. There is also a growing chemical and pharmaceutical manufacturing industry there. Finally, food products and clothing are also important parts of the manufacturing economy in Australia.
Sector of the economy has had the most growth in recent years?
The service part of the economy has grown by leaps and bounds. Technology has also really grown.
What is re basing of national accounts?
re basing is the act of changing the base year of an economy's account to a new and more recent base year
What are some industries in Iowa?
Some of the industries in Iowa are related to agriculture, manufacturing and service related. In recent years, Iowa has embarked in the renewable energy industry as well.
In recent year's the demand for manufacturing jobs in the US has increased due to reduced foreign competition?
Yes. Most U.S. Manufacturing jobs have taken place overseas, because foreigners would be willing to work for less. Recently, however, this has begun to change due to the fact that people are becoming more aware of this, and the economy is not in the best shape. Bringing these jobs back home would boost the economy.
The strength of labor unions has declined in recent years beause?
manufacturing jobs
