As economies advance, a growing proportion of their activities focuses on the production of ________.

Question

Quizplus · Accepted Answer

As economies advance and become more developed, the production of services tends to grow due to an increase in demand for industries such as finance, healthcare, and education. This is evidenced by the shift towards a service-based economy in many developed countries. While products and luxury goods may still be produced, the proportion of activities focused on services is likely to be larger. Events and experiences may also be produced as part of the service industry, but they may be less of a focus than traditional service sectors.

As Economies Advance, a Growing Proportion of Their Activities Focuses