The Importance of Service Industries in Economic Growth | Free Essay Sample

📝 The importance of service industries in the economy is that they contribute significantly to the domestic and global economy. Based on various research reports, 70 percent of the GDP in most countries result from service industries. In this regard, the developing countries benefit from the service economy since most of their citizens will acquire employment.

🔗 Original essay: https://ivypanda.com/essays/the-importance-of-service-industries-in-economic-growth/

📑 Paper Type: Essay
📖 Pages: 5
🔠 Words: 1572
📚 Subjects: Economics, Economic Systems & Principles
⚙️ Language: 🇬🇧 English

🔎 Works Cited:
Apte, U., Karmarkar, U., & Nath, H. K. 2008, ‘Information Services in the U.S. Economy: Value, Jobs, and Management Implications’, California management review, vol. 3 no. 50, pp. 12-30.
Asandului, L. 2006, ‘The New Service Economy and Its Implications for Statistics by Laura Asandului: SSRN’, Going to search. Web.
Auguste M, Lee, M & Patrick P 2006, ‘Service economy’. Economy Watch. Web.
Graz, J. 2010, ‘ Informal Institutions and Global Inequalities in the Service Industry’, Peace Review, vol. 20 no. 1, pp. 90-398.
McManus, 2009, ‘The service economy’. Management Services, vol. 53 no. 2, pp. 16-20.
Nissan, E., Galindo, M., & Mendez, M 2011, ‘Tthe Future of Services in a Globalized Economy’, The Services Industries Journal, vol. 31 no. 1, pp. 59-78.
Rae, J 2010, ‘The Netherlands’ Drive to Build a Service Economy – Business Week’, Businessweek – Business News, Stock Market & Financial Advice. Web.
Riedl, A 2010,’ Location factors of FDI and the growing service economy’, Economics of Transition, vol. 18 no. 4, pp. 741-761.

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