As service delivery is increasingly repetitive, it is efficient to formalize the processes and outputs of service delivery, as well as the organizational roles and positions involved in it.
Last year China's output of services, which contributed 46% of GDP, finally eclipsed the output of its industry (44%).
EARLIER this year, we noted that China's output of services was poised to overtake its industrial production, probably as soon as this year.
China's real output of services has not only grown almost as fast as its industrial output, but also faster than India's services.Indeed, a larger proportion of workers is employed in services in China than in India.
In October, output of services, which account for nearly four-fifths of GDP, rose by more than expected, even though it slowed from September, according to the Institute for Supply Management's non-manufacturing index.
As a result of all this, output of services dropped by 6% in the second quarter compared with the same period last year.Just as this recession differs sharply from 1995, so will the recovery.
Measuring the output of service industries is notoriously difficult; so is measuring the inputs of high-tech capital that many such industries use intensively.
For example, a project having a main output of service delivery (SD) was categorized as an SD type.
The outputs of ecosystem services in the saver's and investor's forest are visually depicted in Fig. 7.
