Question

In: Economics

Which type of occupation is expected to be the fastest growing from in the next decade?...

Which type of occupation is expected to be the fastest growing from in the next decade?

Select one:

a. construction

b. manufacturing

c. mining

d. service

Solutions

Expert Solution

Hi,

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Question:

Answer:

As per my opinion the service is expected to be the fastest growing form of the occupation in the next decade. The structure of global economy and market has changed fast. New neo-liberalism political and economical philosophy has changed the world and now world has became flat. Global market is interconnect with each others and the capital, goods, services, technology and knowledge are flowing globally freely. World is living in digital era. Internet has changed the business model globally. Companies are focusing on services and improving their service quality.

A service is a means of delivering value to customers by facilitating outcomes customers want to achieve without the ownership of specific costs and risks. Service occupation a job that involves providing a service for a person or company, rather than producing a product, for example the job of a cleaner, sales person, or lawyer Service or medical service occupations are present in all sectors of the economy. These day service industry is playing vital role in economy like, financial services industry, E-commerce, social media Industry, IT industry etc, tourism industry, hospitality industry etc. In the modern world of technology service is playing very important role and will further grow rapidly.

So, there is no any doubt that the service is expected to be the fastest growing form of the occupation in the next decade

Thank You


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