The Growth of Service Industries: The Paradox of Exploding Costs and Persistent Demand - Image 1

£66.92

Edward Elgar Publishing The Growth of Service Industries: The Paradox of Exploding Costs and Persistent Demand

Name: The Growth of Service Industries: The Paradox of Exploding Costs and Persistent Demand
Brand: Edward Elgar Publishing
Price: 65.5 GBP
Availability: InStock

Macroeconomics

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Price distribution over 86 days • 7 price levels

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Most common price: £64 (32 days, 37.2%)

Price range: £62 - £67

Price levels: 7 different prices over 86 days

Description

Problems arise if budgets for services are held constant whilst prices rise. Education, cultural activities and health services are under constant budgetary pressure. The authors argue that the price of commodities is linked to demand and price increases would therefore seem to threaten the very existence of these services. The paradox of these services is that in spite of their exploding costs, demand persists. Policymakers struggle with the problematic question of whether to limit public service budgets as costs for their provision rise. The service sectors of advanced economies are surprisingly vigorous - the employment of an ever increasing share of the labour force is one phenomenon. Economists are perplexed by the interplay of slow service and fast goods productivity growth and wonder why the demand for services is so persistent. The Growth of Service Industries is intended for use by both policymakers and economists and serves as a useful introduction to service productivity analysis.

Product Specifications

Brand: Edward Elgar Publishing
Format: hardcover
ASIN: 1840644222
Category: Books > Subjects > Business, Finance & Law > Economics > Macroeconomics
Domain: Amazon UK
Release Date: 25 April 2001
Listed Since: 16 December 2006

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Edward Elgar Publishing The Growth of Service Industries: The Paradox of Exploding Costs and Persistent Demand

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