An economy based primarily on the service sector is known as
A) postcapitalist.
B) postindustrial.
C) precapitalist.
D) postsocialist.

Question

Quizplus · Accepted Answer

A postindustrial economy is one where the service sector becomes the dominant sector of the economy, overtaking the industrial sector that was prevalent during earlier stages of development. This shift typically happens in highly developed countries as manufacturing declines and services such as finance, healthcare, and education become more important.

An Economy Based Primarily on the Service Sector Is Known