Services Have Overtaken Goods in Today’s Economy

By Brian DeLucia

As discussed in the past, services have overtaken goods in the eyes of this current generation. It is reflected in the retail marketplace as service-centric businesses have been overtaking businesses that have traditionally sold goods.

Consumers today spend only a fraction of their income on clothing and appliances compared to services related to healthcare, housing, and entertainment.

Leave a Reply

Your email address will not be published. Required fields are marked *