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Servies

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Submitted By Saikat123
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Now-a-days it is true that the services sector is continuing to expand. And because of that, this sector has huge impact on development country as well as low income country. Services are now contributing more than manufacturing and also help to reduce poverty, creating more jobs, developing countries. Why services sector is expanding more than manufacturing, those reasons are given below:

* Latecomers have benefited more from the service sector because they have more room to catch-up, they are doing it faster, quicker, better as a result they can be much stronger than manufacturing. * Services sector like transport and communication which shown much higher productivity compared to the manufacturing sector. * The technology is getting more advanced which creates big problems in job site. This means it is very difficult to find a job in the manufacturing sector, on the other hand services are creating more jobs, can be more dynamic and also earlier stage of development. * The fastest way to reduce the poverty is the growth of the service sector. The reasons behind this is it will create more jobs, strong economic growth. It will solve the poverty problem faster than the manufacturing also much faster than in agriculture, mining and quarrying. * The outcome of globalization is, it's getting more and more competitive new challenges and other staffs. So services will help us to find a solution among those situations. * As of service sectors low countries and development country have the power of fighting chance against all those advance technologies and developing countries.

Finally, I can say that manufacturing and service sector, both are important, but the growth of the service sector is not increasing rapidly in low and development countries.

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