BUSINESS ADMINISTRATION
CUSTOMER RELATION MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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agricultural
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experience
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manufacturing
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entertainment
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Detailed explanation-1: -According to this theory, the shift towards services takes place mainly due to the service sector’s lower productivity, higher costs and thus higher relative prices than those in the manufacturing sector. In other words, the shift to services happens because the service sector is stagnant and less progressive.
Detailed explanation-2: -An economy grows when it has the capacity to produce more. Production is based on how much capital, labor, natural resources, and technology it has to produce. Policies that encourage the accumulation of any of these leads to economic growth.
Detailed explanation-3: -India leap-frogged from an agrarian economy to a service economy. India has immense human resources, that are well-educated and fluent in English, and labour is also cheap, thus propelling the service sector.
Detailed explanation-4: -With its new electronic and service economy still in its infancy, it was decided to rebuild. Britain went from being a mainly manufacturing economy to being a mainly service economy.