Without doubt, services have grown dramatically in recent years. As the share of services is growing rapidly in the wo
Posted: Mon May 30, 2022 4:31 pm
Without doubt, services have grown dramatically in recent years. As the share of
services is growing rapidly in the world economy, one thing is clear: Services are
becoming more and more important. Today, they make up already more than 65% of
the gross world product. In developed countries, the service sector contributes more to
economic growth than any other sector. However, all services have certain
characteristics in common. Discuss extensively the four unique characteristics of
services that make them unique and different from goods and four strategies each to
overcome these characteristics?
services is growing rapidly in the world economy, one thing is clear: Services are
becoming more and more important. Today, they make up already more than 65% of
the gross world product. In developed countries, the service sector contributes more to
economic growth than any other sector. However, all services have certain
characteristics in common. Discuss extensively the four unique characteristics of
services that make them unique and different from goods and four strategies each to
overcome these characteristics?