High-income countries such as Canada spend a greater amount on services as compared to goods.

Name: High-income countries such as Canada spend a greater amount on services as compared to goods.
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High-income countries usually have a more developed service sector and a higher demand for services such as healthcare, education, and professional services. This results in a higher proportion of their overall expenditure being directed towards services, instead of goods.

High-Income Countries Such as Canada Spend a Greater Amount on Services