Examlex
Define services and their characteristics such that they are distinguishable from manufacturing. Services represent the fastest growing sector of the global economy and account for over 60% of global output and 45% of global employment. In Canada, services account for 76% of the labour force and 72% of GDP. The world's most industrialized nations are predominantly service economies.
Hierarchy
A system or organization in which people or groups are ranked one above the other according to status or authority.
Multinational Corporations
Companies that operate in multiple countries beyond their home country, managing production or delivering services in various nations.
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