Increase in employment in services is a common feature of economic development.

Question

Quizplus · Accepted Answer

This statement is true. As an economy develops, the share of employment in services tends to increase due to a shift away from agriculture and manufacturing towards the service sector. This is known as the service sector expansion or tertiarization of the economy. Developed countries have higher percentages of their workforce employed in the service sector compared to developing countries.

Increase in Employment in Services Is a Common Feature of Economic