TITLE

The service economy

AUTHOR(S)
McManus, John
PUB. DATE
June 2009
SOURCE
Management Services;Summer2009, Vol. 53 Issue 2, p16
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses the importance of service industries to the global economy. It looks at ground rules that emerged in the service economy. It highlights strong growth in services occurred in Canada and Australia. It attributes the growth to an intangible aspect of services which makes them difficult to copy and the consumption value of services that is based on their intrinsic nature. In addition, the article indicates the causes of problems faced by service industries, including deregulation, regulatory reform and liberalization of many service markets.
ACCESSION #
43546444

 

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