The Services Sector Has Been Steadily Rising in Relative Importance

question 12

Essay

The Services sector has been steadily rising in relative importance in GDP of the United States, as well as elsewhere around the world. Since "services" have been identified as "non-tradable" (e.g., it is difficult to export haircuts), it may be argued that this trend will likely slow the rapid growth in international trade. Discuss.

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Definitions:

Hemangiosarcoma

A rare, aggressive form of cancer that arises from the cells lining blood vessels and can occur in any part of the body.

Osteosarcoma

A type of cancer that originates in the cells that form bones, most commonly occurring in children and young adults.

Fibrosarcoma

A malignant tumor derived from fibrous connective tissue, often affecting the legs, arms, or jaw.

Trismus

A medical condition characterized by a reduced opening of the jaws caused by spasm of the muscles of mastication, often associated with infection or trauma.