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The service-based economy began to take shape in the late 20th century, particularly during the 1970s and 1980s, as industrial economies shifted towards services such as finance, healthcare, and technology. This transition was driven by advances in technology, globalization, and changes in consumer preferences. By the early 21st century, many developed countries saw a significant portion of their GDP and employment coming from the service sector, marking a notable departure from traditional manufacturing-driven economies.
What else can I help you with?
What began to change the economy in 1880?
The industrial revolution
Which was a cause of the U.S. economic prosperity throughout all of the 1950s?
due to the fact that the economy began to rise
What are some of the factors that have facilitated the shift to a service economy?
The United States began to see a shift to a service economy once it became cheaper to manufacture goods overseas. Manufacturing jobs tended to have better pay, but as people began to see that service jobs had a better quality of life those manufacturing jobs became less desirable.
What was one major effect of the Mughal empire's trade policies in the 17th century?
Mughal leaders began to surrender control of their economy to European powers.
What factors made the Japanese economy agrarian as World War 1 began?
Just in advance of WW 1, the Japanese economy was heavily weighted in favor of agriculture and other non-industrial activities. This included farming, forestry and fishing. Japan's industrial base was yet to become a dominate factor in its economy.
What began to change the economy in 1880?
The industrial revolution
What country has began a slow change from a command economy to a market economy in the 1990s?
i think its means Rwanda
Was the economy good in Germany when Hitler began his dictator ship?
No.
Why did African Americans move to the south in the 1970s?
The Great Migration began to reverse itself because of the changing economy. The southern economy began to grow again and there were more job opportunities in the south.
Mexico is changing from an agricultural economy to what economy?
To an industrial economy. It has already began since the 1940's, but is not fully industrialized, which is why Mexico is still a "developing country".
After the velvet revolution Czechoslovakia began a transition to a?
market-based economy
What did countries do to protect their home markets as the economy began to slow?
became boss
Why did African-American move from the south?
the southern economy began to grow again
Who was the Soviet leader and reformer who began the process of restructuring the Soviet economy?
Mikhail Gorbachev was the Soviet leader who in 1985 began the process of restructuring of the Soviet economy, known as perestroika accompanied by the policy of liberalization, known as glasnost.
Why did African Americans move to the south in the1970s?
The southern economy began to grow again
When did China's economy start?
China has always had its very own economy, since its existence. However, China began its economic reform in the year of 1978.
How was the Japanese economy after Pearl Harbor?
The same as it was the day before the attack. Their economy was not seriously affected until the Allied Forces began the napalm bombing campaign.
