Final answer:
Manufacturing and services differ in terms of output, labor requirements, and value-added profits.
Step-by-step explanation:
In comparing manufacturing and services, there are several main points of comparison:
- Output: Manufacturing produces tangible goods, such as cars and computers, while services produce intangible products, such as healthcare and education.
- Labor: Manufacturing often requires manual labor and physical resources, while services rely more on knowledge-based skills and human interaction.
- Value-added: Manufacturing processes often generate high value-added profits, as raw materials are transformed into finished products, whereas services typically have lower value-added profits.
Overall, manufacturing and services play different roles in the economy, with manufacturing producing physical goods and services providing intangible assistance to consumers.