Originally Posted by
Feedback wrote on Mon, 14 September 2015 21:48
the demand in an economy is driven by the number of people in the economy and what their needs are. the UK has 63m people in the economy so has demand to house 63m people. now if 62.9m work in the public sector and only 0.1m work in construction, the Uk is going to struggle to house all 63m as 0.1m can't built enough houses for 63m. so you need to increase the number of workers in the productive part of the economy. taking workers from the productive part of the economy to the service part of the economy means whilst we have more services, we have fewer goods. Goods such as agriculture, housing, clothing. this is what provides ultimate economic value.