Is there a risk to having an overwhelmingly service-oriented economy? Explain.

Expert Solution

Verifiably, it was trusted that a service economy couldn't thrive as productivity couldn't expand the way it could in a production economy. The appearance of computers changed this. For instance I'm an attorney. In a period under the steady gaze of computers each legal advisor in the workplace would have a secretary (and likely a couple of additional items in the workplace for occupied days). We would likewise have a receptionist and a pack of analysts.

Today, we have a receptionist and a few general handymen, compose our briefs specifically as opposed to managing, I print it, and we do our own examination on lexis and send email. One individual takes the necessary steps what once would have taken a few. In any case, there is most likely a point of confinement. I can't be in two courts without a moment's delay. Once the alteration for service productivity by means of PC has achieved its pinnacle, the capacity to constantly redesign gainfully in a service economy may endure.

Rahul Sunny answered 2 years ago

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