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What is The Importance of Services in Economy about?
This document summarizes the evolution of economies from agrarian to industrial to post-industrial service-based societies. It describes the central role services play in modern economies, with over 80% of US workers employed in services. The US is characterized as a post-industrial service society rather than industrial. Pre-industrial societies relied on agriculture and had low productivity. Industrial societies focused on goods production using machines and factories. Post-industrial societies are servic
- Author
- Hari Krishna
- Language
- EN