The Growth Of The Manufacturing And Agriculture Sectors

Increased productivity in the manufacturing and agriculture sectors has created a higher level of disposable income in the population, which has led to increased purchases of services. As income rises, the demand for goods tends to rise less rapidly than the demand for services; hence, the importance of services in the economy will rise. The result has been an evolution of the economy from one geared primarily to manufactured goods to an economy engaged in the creation of services. Thus the growth of services has been significant. Changes in the pattern of employment will have implications upon where and how people live, upon educational requirements, and consequently upon the kinds of organizations that will be important to society. Industrialization created the need for semiskilled worker who could be trained in a few weeks to perform the routine tasks attending machines. The service economy has caused a shift to white collar occupations in health, education, and government. For th e first time in the history of industrial society, the number of white-collar workers (professionals; managers; officials; proprietors, clerical kindred, and sales workers) exceeded the number of blue-collar workers (craftsmen and foremen; operatives; and laborers) and the gap is widening. The most interesting growth has been in the managerial and professional-technical fields. The coordination of machines and people for the production of goods was central to the industrial society.Show MoreRelatedWhat Is The Gdp Growth Of The Oil And Gas Industry704 Words   |  3 PagesIran’s GDP growth back to the normal level Iran’s Parliament Research Center forecasts the country’s GDP growth to be 3.7 percent for the Persian year of 1396, March 2017 to March 2018. This is a third of the last year 12.5 percent growth rate, announced by the Central Bank of Iran. Last year’s strong performance was the result of the exploding growth in the oil sector after the nuclear deal. 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