Knobias ClipReport
Submitted from Knobias ClipReport
The American economy has been labeled as one based on services. Agriculture and manufacturing have long been ushered to the back of the line in terms of total gross domestic product. The services that are provided have become so diverse and ranging that it’s almost too easy to make a living by specializing. Doctors, lawyers, accountants, and financial service representatives make up the bulk of the high income work force.
These sectors have been in a phase of evolution ever since their inception. In the old days, doctors, lawyers and accountants were all single person operations normally located on the main drag of their respective cities or towns. They have since evolved into consolidated groups of professionals housed under one firm’s umbrella. From HMO’s and hospitals to the big 3 accounting firms, these industries have gone through massive consolidations to capitalize from the economies of scale.
