Good Morning everyone
plz answer
Industries and development go parallel.Explain
Answers
Answered by
0
Answer:
Good morning my dear Friend.
have a great day
Answered by
1
Gd mrng ❤️
Services use to show high income-elasticity. So, as income increases (and it is increasing worldwide but specially in emerging economies), the demand of services increases.
This income-elasticity emerges both in personal services (hair-dressers, dentists, lawyers) as in business services (nowadays the ouput of the manufacturing sector includes more and more services as design, quality controls, sophisticated financial schemes) !
Similar questions