A Service Economy Is One in Which More Effort Is

question 170

True/False

A service economy is one in which more effort is devoted to the production of goods than to the production of services.

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Definitions:

Financialization

The increasing importance of financial markets, financial motives, financial institutions, and financial elites in the operation of the economy and its governing institutions.

Short Term Profits

Financial gains realized in a brief period, often prioritized over long-term sustainability.

Employee Empowerment Unionism

A form of unionism that emphasizes giving workers greater control and a voice in their workplace and working conditions.

Institutionally Secure Unions

Labor organizations that are firmly established and protected, often through legislation or long-standing collective bargaining agreements, ensuring their continued presence and influence.