http://www.dailyfinance.com/2010/12/11/americas-economic-illness-baumols-dis/#articleHeader
This has a direct bearing on government services' share of GDP. Since the labor-intensive productivity typical of government services isn't as responsive to capital investments as goods-producing industries, the public sector's share of the economy rises naturally.
This has a direct bearing on government services' share of GDP. Since the labor-intensive productivity typical of government services isn't as responsive to capital investments as goods-producing industries, the public sector's share of the economy rises naturally.
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