Discuss the factors that have led to the growth in demand for services in developed nations such as Australia. What factors will impact this growth over the next five years, and why are services so important to world economies?
Differentiation between goods and services: Goods and services are the backbone of trade in any country, and they also differentiate the economic stability of the country. The difference between goods and services helps distinguish the amount of money spent as part of the flow of the economic cycle. The majority of money spent by any country is spent on the goods and services sector. Goods are products that can be





