Final answer:
The development of manufacturing and services sectors in history was influenced by access to raw materials, labor availability, technological advancements, government policies, and global shifts towards free market economies.
Step-by-step explanation:
Factors Affecting Economic Development in Manufacturing and Services
- The factors affecting economic development in the manufacturing and services industries in the past are multifaceted and include a range of variables. For manufacturing industries, crucial factors included access to raw materials, availability of labor, proximity to markets, and technological advancements. With services, the development has been influenced by factors such as education levels, technological infrastructure, and customer preferences. Specific countries like Japan have witnessed significant economic growth due to factors such as government policy, innovation, and a focus on exporting high-quality manufactured goods. Similarly, the shift of additional countries towards a free market economy has had a positive international impact by increasing trade, improving technology transfer, and fostering global economic integration.
- U.S. manufacturing historically influenced people around the world by setting standards in industrial production, creating jobs, and fostering economic development through trade. Today, the global economic landscape has shifted, with different countries emerging as manufacturing powers and the rise of the digital economy changing the nature of both manufacturing and service industries.