| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 980278 | Procedia Economics and Finance | 2014 | 9 Pages |
Abstract
In the early economies, the service sector was primarily underdeveloped because governments failed to respond to the growing demand for services. However with the shift to market economies, the service sectors have grown rapidly to meet the rising needs of the emerging private sectors. Growth of services is particularly important because it allows these economies to employ a share of the educated labour force. So, in addition to continued public support for health and education, growth of services can help countries preserve the stock of human capital that will be crucial to their development.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Lawly Das, Rajesh Raut,