Service Industries Are Important in Building Economic Growth

Topics: Economics, Economy, Tertiary sector of the economy Pages: 6 (1260 words) Published: April 26, 2012
Service Industries are Important in
Building Economic Growth

Table of Contents

Executive summary iii
1.0 Introduction 1
1.1 Overview of the task 1
1.2 Report purpose and structure 1
2.0 Reasons to build a services economy 2
2.1 To increase the economic growth 2
2.2 To have better living standards 2
2.3 To decreases the unemployment rate in the economy 2
3.0 Sectors impacted by market forces 3
3.1 Distribution services 3
3.2 Financial services 3
3.3 Professional business services 3
4.0 Future challenges to the services economy 4
4.1 Increase in demand 4
4.2 cost pressures and management processing. 4
4.3 Managers need to improve in their skills. 4
5.0 Recommendation 5
5.1 Justification of recommendation 5
6.0 References 6

Executive Summary

The purpose of this report is to analyse and make appropriate decisions considering the information about the services economy in this report. This report can be assisted by senior managers to get an idea about how service industry is working at the moment.

The finding of this report has focused on varies areas of the service economy and how they affect consumer behaviour and people’s living standards and also the economic growth. This report has explored the point of building a service economy, markets forces and how service economy is affected by it, challenges for the future.

It is recommended that the main reason to build a service economy is to build up the economic growth in an economy and also to improve the performance of the living standards of the consumers and to decrease the unemployment rate in an economy.


1.0 Introduction

1.1 Overview of the task

The task is to research about how the services work in an economy and how important they are when building economic growth. After finding the relevant information it has asked to make a report of the finding so it is clear and easier to analyse.

1.2 Report purpose and structure

This report can be used be assisted by senior managers when making decisions. The report structure is divided into very simple forms of topics rather than one whole topic with lots of information, so it can be analysed easily by professionals or managers without any hassle


2.0 Reasons to build a service economy
Service economy is a big part of prospered economies, “service productivity is...
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