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Questions
"Services occur at different levels throughout the world." Support the statement with examples.
"Services occur at many different levels in world." Examine the statement.
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Solution
- Services occur at many different levels. Some are geared to industry, some to people, and some to both industry and people, e.g. the transport systems.
- Low-order services, such as grocery shops and laundries, are more common and widespread than high-order services or more specialised ones like those of accountants, consultants and physicians.
- Services are provided to individual consumers who can afford to pay for them. For example, the gardener, the launderers and the barber do primarily physical labour.
- Teacher, lawyers, physicians, musicians and others perform mental labour.
- The service industry thrives in areas with advanced technology and educational capabilities. The international commerce of services is increasing.
- Once created, many people can easily access services and have a large monetary value in terms of wages, service fees, and so on.
- People shift to tertiary occupations when a country develops, and the percentage of tertiary activities in GDP grows even faster. The service industry contributes the greatest foreign money and income to the country.
- As a result, the service industry contributes to modem economic development.
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