Question

Do you think that shift from one sector’s dominance to another sector’s dominance in an economy is common as the economy develops?

Answer 1

Shift in economy's sectors

Explanation:

• In regard to one sectors shift to another of the economy, there are many traits that can be followed.
• Like, when the private sector has a certain level of dominance but then nationalization happens then that leads to more dominance for public sector.
• From private to public sector, it was a movement of the dominance in the economy.
• So, is this common for development? Yes, indeed.
• This helps to develop the economy at times. Because, it helps to bring about a heightening of skills. Like, more private sector firms can also show how maximization of profit and skills happen to increase job opportunities at the same time.

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Answer 2

Explanation:

From private to public sector, it was a movement of the dominance in the economy.

• So, is this common for development? Yes, indeed.

• This helps to develop the economy at times.