About Service and Creative Industry Theory

Essay from the year 2017 in the subject Business economics - Trade and Distribution, grade: 79.00, Moi University, course: business, language: English, abstract: The economy of each and every nation and state across the globe is constituted of the major sectors which are an essential part of the growth. These include the primary sector-comprising of the extraction such as the mining and agriculture. The second sector is the secondary area which concentrates much on the manufacturing of the new products. The third and crucial area in the service industry or what is referred to as the tertiary sector. Most of the economies have the tendency to major and pay more of their attention to the manufacturing sector hoping for a revolution in the service or tertiary sector. However, in the recent past, the service industry has seen dramatic and unprecedented changes including cost reduction, speed, and improvements in reliability of transport and communication of the citizens.