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In 2001, the service sector accounted for more than 80% of the non-agricultural labor force, while the goods-producing sector employed less than 20%.
Labor is reallocated from the financial sector to the goods-producing sector, implying that consumption increases in steady state.
In private goods-producing groups like choral societies and soccer clubs, however, incentives for free-riding are absent.
A comparable assessment on the level of productivity in the goods-producing sectors is not available.
But if the heavy capital goods-producing industries are lost, it is unlikely that they will reemerge.
That was particularly so in the metal-working industries and consumer goods-producing industries.
However, still a number of typical shared characteristics distinguish services from goods-producing sectors.
City economies across the globe moved from goods-producing to service-producing outlets.
Its principal, goods-producing economic activities are agriculture and the raising of cattle for meat exports.
This meant that goods-producing enterprises had to meet their wage payment obligations from their own revenue.
