Dynamics in the Economy of Productivity and the Concept of Development of the Service Sector

  • Nodir Anvarov Research trainee, Samarkand State University
Keywords: Service industry, analysis, concept, economics, development, costs, production, efficiency, income, factors

Abstract

The article analyzes the main trends and examines the essential features and directions of development. The level of economic science has established the idea of a relatively low growth rate of productivity in the service sector. In this case, the continuous expansion of its position in the economy should lead to a decrease in efficiency at the macro level. However, this is clearly not consistent with reality.

References

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10. 8 The capital ratio in 2002 in such large industries with intensive investments as retail and wholesale trade, according to our calculations, was 0.73 and 1.02, respectively, while in the manufacturing industry - 1.18. Some sectors of the information block, primarily radio and television broadcasting, as well as social services, are characterized by a rather high capital intensity, but their impact on the dynamics of capital intensity is limited either by a low share in the fixed assets of the sphere, or by moderate growth rates. In the most dynamic and large sector of business and professional services, the values of this coefficient vary in the range of 0.32-0.50 (calculated according to the statistics of the USA national accounts).
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Published
2021-10-02
How to Cite
Anvarov , N. (2021). Dynamics in the Economy of Productivity and the Concept of Development of the Service Sector. Central Asian Journal of Innovations on Tourism Management and Finance, 2(9), 19-24. https://doi.org/10.47494/cajitmf.v2i9.146