ABSTRACT
The economy of most countries is based on revenue derived from manufacturing and service industries. Countries that enter the phase of economic upswing normally rely heavily on manufacturing to provide the commodities that are bartered. This frequently provides numerous positions for unskilled or semiskilled employees, who then become economically more active. They are able to purchase more goods and services that stimulate more manufacturing and service-related positions. As the economy matures and society reaches a higher level of education, more emphasis is placed on service industries and the economic contribution of the manufacturing industries becomes less important. At the stage when the economy relies mainly on service industries, the economy of that country reaches the “retirement” stage.
