Question

The United States economy cannot support itself solely on its service industry. Do you agree or disagree with this statement? Defend your position

Answer 1

I would like to agree with the statement that the US economy cannot support itself solely in it's service industry because the service industry primarily is a secondary industry and hence it is dependent on various primary industries like the construction or core industry. Providing services is possible only when there is a product because service comes later. A nation cannot bank solely on their service industries because that will create a a fall in the economy and hence there is no way out as the primary sector needs to be prioritized and then along with that the service industry will be taken care as well.