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Is it a sign of weakness is a national economy manufactures few of the goods that it consumes?
Wiki User
∙ 12y ago
An economy cannot be totally reliant on services alone. However a service-economy is a sign of economic growth and development of the country. It's not a sign of weakness, rather it shows the strength of the economy.
A service-based economy will be reliant on other countries for manufacturing products and catering to the demand of primary and secondary markets. However, no market is a pure service oriented market and US is no exception. So it's not a sign of weakness nor is it bad that US is a service-based economy. It just means that they have a highly skilled and competent workforce who work in the tertairy sector. But don't forget that US also has primary and secondary sectors- but they're not that dominant as compared to tertiary sector.
Wiki User
∙ 12y ago
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Who consumes the goods and services market economy?
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What helped hide weakness in the economy in the 1920s?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920's?
Easy credit helped hide the weakness in the economy in the 1920's.
Who consumes the goods and services market economy?
You Do!
What helped the weakness in the economy in the 1920s?
Easy credit helped hide the weakness in the economy in the 1920's.
Which sector of the economy consumes the most energy?
hot
What helped hide weakness in the economy in the 1920s?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920's?
Easy credit helped hide the weakness in the economy in the 1920's.
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What sector of the US economy consumes most of the nations petroleum?
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What weakness existed in the economy in 1920?
Some of the industries were in trouble.
