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solmaris [256]
3 years ago
6

How does Amazon illustrate the sources of service sector growth?

Business
1 answer:
aleksandrvk [35]3 years ago
7 0

Answer:

The service sector grows because of the same reason that any other economy sector grows: the demand for it increases.

Explanation:

Demand increases because new services are created, or existing ones obtain more customers: a larger market share.

In the case of Amazon, the service it offers is deliveries, but Amazon took deliveries to its logical conclusion, becoming an online store that essentially sells everything, from books to car accessories, to fruits and vegetables.

Amazon has become a giant company because it exploited a existing market that had a lot of untapped potential, and customers at the same time responded by demanding even more of these services. In other words, Amazon and the customers formed a virtous cycle that feeds economic growth.

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With no inflation, a bank would be willing to lend a business firm $5 million at an annual interest rate of 6%. But if the rate
MAXImum [283]

Answer:

The nominal interest rate which the bank will offer is of 10.24%

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Eagle Ridge, inc. issued 40 shares of $20 par value stock to its accountant in full payment for her $900 fee for assisting in se
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brainly.com/question/20421012

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