REASONS FOR GROWTH IN SERVICE INDUSTRIES
Reasons
Types of services required
1. Increasing affluence
Greater demand services such as interior decorator, laundry, care of house hold products such as Lawn care, carpet cleaning.
2. More leisure time
Greater demand for recreational and entertainment facilities such as travel resort, adult education, self improvement course
3. High percentage of women in labour force
Greater demand for crèches, baby sitting, household domestic help
4. Greater life expectancy
Greater demand for healthcare facilities, Nursing homes etc.
5. Greater complexities of product
Greater demand for skilled specialists to provide maintenance for complex products such as airconditioners, cars, home PC etc.
6. Increasing complexities of life
Greater demand for specialists in Income tax, Labour laws, Legal affairs, marriage counseling, employment services
7. Greater concern about ecology and resource scarcity
Greater demand for leased services, car rental, travel time share etc.
8. Increasing number of new products
The computer-sparked development of such service industries as programming, repair etc.
