4. SERVICES -
In recent decades, the service sector has become the most important sector in our economy. - This growth is similar to the other developed countries. - This is linked to the following factors: 1. Higher overall living standards: - Greater purchaising power has given rise to new needs, which must be met through srvices: leisure, culture‌ 2. The outsourcing of processes: Companies in industry and in other sectors prefer to outsource to other companies certain services hat their employees used to do. In theory, this is to save costs, leaving extrnal service companies to compte amongst themselves to offer the most competitive price. 3. Consolidaion of he welfare state: This legally guarantees the right to certain public services: education, healthcare, social services and disability care. Our taxes go towards the funding of these important activities.