Services are now the largest single component of the supply side of gdp, representing over half of gdp.
Services are now the largest single component of the supply side of gdp, representing over half of GDP.
Reason: In the 21st century which is called as the information age services has become the largest contributor to the supply side of the GDP replacing manufacturing which held the position earlier. Due to rapid growth of the internet, the global population is more focused on the services part which makes it a large component
