The chapter discusses how employment in developed economies has declined relative to output in the agricultural sector.

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The chapter discusses how employment in developed economies has declined relative to output in the agricultural sector. Can you think of another sector of the economy where the same phenomenon has occurred more recently? Would you consider the change in employment in this sector to represent a success or a failure from the standpoint of society as a whole?

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Economics

ISBN: 9781408093795

3rd Edition

Authors: Mark P. Taylor, N. Gregory Mankiw

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