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UK Service Economy's Future service economy future - Coggle Diagram
UK Service Economy's Future
Manufacturing Connection
Product Continuum
Pure service/commodity goods
Hard, tangible
Products
= Prosperity
service sector
Dependancy
complementary to manufacturing
Strong export
Demand
Exports
40% of foreign earnings
Competititive
Advantage
Higher value service activities
60% of foreign earnings
includes overseas investments
Most virtual exporter globally
Hard to compete against
Automation & Commodification
Copyable
e.g Call Centres
Wealth Concentration
Society segmentation
Social consequences
e.g Heathrow
Technology
