It is understandable that productivity is rising faster in the service sector because service businesses have newer technologies than the manufacturing sector and fewer laborers.
Level of Learning 2: Understanding of concepts and principles

Question

Quizplus · Accepted Answer

This statement is false. The service sector may have newer technologies, but it typically requires more labor than the manufacturing sector. Additionally, productivity is determined by multiple factors beyond just technology and labor, including processes, management practices, and the overall organization of the business.

It Is Understandable That Productivity Is Rising Faster in the Service