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The service sector can face several limitations, including lower productivity growth compared to manufacturing, as services are often labor-intensive and less amenable to automation. Additionally, the service sector may be more susceptible to economic fluctuations, as demand for services can decline sharply during recessions. Furthermore, the quality and consistency of services can vary significantly, making it challenging to maintain standards. Lastly, reliance on human interaction can lead to issues such as skill shortages and wage pressures.
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Secondary sector the economy relates to?
Secondary sector the economy relates to?
What are the functions of the service sector of economy?
what are the function of the service sector of the economy
What is the relevance of the private sector in an economy?
The relevance of the private sector in the economy is to supplement the government. The private sector helps grow the economy by creating job opportunities in a given economy.
What is the opposite of real sector in an economy?
Nominal Sector or Monetary Sector
What are the basic sectors of the US economy?
consumer sectors, government sector, investment sector, and foreign sector.
Secondary sector the economy relates to?
Secondary sector the economy relates to?
What are the functions of the service sector of economy?
what are the function of the service sector of the economy
What is the relevance of the private sector in an economy?
The relevance of the private sector in the economy is to supplement the government. The private sector helps grow the economy by creating job opportunities in a given economy.
What is the opposite of real sector in an economy?
Nominal Sector or Monetary Sector
What job belongs to the tertiary sector of the American economy?
The tertiary sector of the economy of the United States is the service sector. The jobs include the hospitality industry and all the related fields.
In the circular flow of a market economy, the working model assumes that three sectors of a normal economy do not exist. These are the financial sector, the overseas sector, and the _________ sector.?
Government
What sector of the economy is dentistry?
Services
Definition of corporate sector?
Corporate sector is the part of the economy that is made up of companies. It is a private sector.
What are the basic sectors of the US economy?
consumer sectors, government sector, investment sector, and foreign sector.
What sector of the economy benefited greatly from the American middle class?
.. The service sector
What are the two sectors model economy?
The two sector model consists of the: Household Sector: The household sector includes everyone in an economy who consumes goods and services. Business Sector: The business sector contains the private, profit-seeking firms in the economy that combine scarce resources into the production of wants-and-needs satisfying goods and services.
The public sector is that part of the economy that is made up of individuals and privately-owned businesses?
The sector of the economy which is paid for or operated by the government.
