Banking and service industries have become increasingly important in an number of developing countries. Many command and control functions and headquarters are usually found in the vicinty of cities. This has caused an increase in the expansion of prodcuer service operations. these services have huge impacts on the urban economies of the countries that they represent. they have priveleged positions in the economy of the country as they are able to generate substantial profits in relation to investments of time and money. This industries are able to dominate competition for land, resources and investments and are able to reshape the urban area and increase economies. Characteristics of this formal sector include; difficult entry into the market, fixed hours and pay for employees, corprortate property, formal (taught) skills, protected market and are extremely capital intensive.
No comments:
Post a Comment