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For approximately 200 years since the advent of the Industrial Revolution, wealth generation and economic output in Western nations were dominated by the manufacturing industry. However in less than three decades after the end of World War II, manufacturing as a wealth generator had been overtaken by service sector organisations. The importance of the service sector in Western nations in terms of contribution to GDP and as a source of employment has continued to increase to the present day (Gerrath and Leenders 2013).
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- The Service Sector
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