eli5: Why does Services make up such a massive percentage of developed economies compared to Agriculture and Manufacturing
In: 47
Services have higher profit margins compared to agriculture, mining, or manufacture. For services all you really need is experienced personnel and sometimes software. Compare that to agriculture where you need lots of land, planting machines, harvesting machines, irrigation infrastructure, seeds, fertilizer, silos, transportation, distribution, and much more. The same thing applies to mining and manufacturing.
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