Over the past 40 years,employment in service-producing industries had increased significantly and employment in goods-producing industries has declined significantly.Economists would refer to this process as

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Sectoral shifts refer to changes in the composition of employment across different sectors of the economy over time. The increase in employment in service-producing industries and the decline in employment in goods-producing industries is an example of sectoral shifts. The classical dichotomy refers to the separation between the real economy and the monetary economy, production parity is not a recognized economic term, and demographic imbalance refers to imbalances in the age or gender distribution of a population.

Over the Past 40 Years,employment in Service-Producing Industries Had Increased