What were the major steps in the states progression from an agricultural economy to the service economy?

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2026-03-15 16:30

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The transition from an agricultural economy to a service economy involved several key steps. Initially, advancements in technology and mechanization increased agricultural productivity, reducing the need for labor in farming. This shift allowed workers to seek employment in emerging industries, particularly manufacturing, which then began to decline as globalization and automation took hold. As a result, the economy gradually shifted focus towards the service sector, driven by increased demand for services like finance, healthcare, and technology, ultimately leading to a predominance of service-oriented jobs.

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