Economy, service sector manufacturing

An industrialized economy is composed of three principal sectors extractive (i.e., mining and farming), manufacturing, and service. The services sector can be divided into five subgroups ... 

To advance business expertise, the nation s structural transition to a knowledge-intensive service economy needs to be supported by a deepened understanding of how service systems and networks support and interact with manufacturing and other more traditional activities. In fact, in today s global economy, the service sector provides the bulk of employment in high-wage economies. 

Definitions of what constitutes a service have varied across the service sector. Clark (1940) divided all economies into three sectors primary (agricultural), secondary (manufacturing), and tertiary (services). The service sector used three parts—domestic related services (food and lodging), business services, and others (including recreation, health care, and education)— to focus on involvement and improvement of the customer relationship. The services industry provides services, not goods (Hughes, Mitchell, Ramson, 1993). 

Discuss how globalization has impacted the manufacturing and service sectors in the developed economies of Europe and the United States. 

The United States and the developed world will continue in the trend of postindustrial society, in which the growth sectors will not be in the production of non-durable or durable goods but in the providing of services. [It has been noted elsewhere in this text and in this chapter that the United States is moving toward a service economy and away from a manufacturing one.]... 

Representing an essential function to trade, logistics is a complex system made up of a multitude of players and interrelationships between suppliers, manufacturers, logistic service providers and the retailers whose job it is to deliver to the end user the product or service required under the best economic, social and environmental conditions. Meanwhile, its impact on the environment is important because of the many forms of pollution generated by road transport the major delivery mode used today. The transport sector consumes 70% of all petrol consumed in the EU and produces 21% of all greenhouse gas emissions. At the same time, it is well recognized that transport is the very life blood of a modern economy and its effects go far beyond the direct economic effects of employment and the added value of the transport sector in an economy. 

Identify classes of chemicals and chemical processes that are critical to the nation s security, economy, and health. These products and services will be examined according to key sectors, including but not htnited to manufacturing, agriculture, food, water, and public health. 

Leaders in both federal and state governments need to acknowledge that a healthy manufacturing sector is necessary to the economic wellbeing of the U.S. - an all-service economy that some actually admit to wishing for, does not, and cannot lead to sustained national wealth generation. 

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