What is the difference ? why cant a service sector improve countries economy than 'Brick & Mortar' company.
It can actually it has.
In Service Sector say a company "Shadi Dot Com" ,which serves to match prospective Bride & Grooms.Now when this co. grows exponentially what do they do,they take larger office space ,there employees get more Fatter Chq's.
This employees spend ,a consumer boom is fuelled ,lots of Multiplex,Malls.
A company say 'Safe-4' ,which supplies Gaurds for ATMS / Malls 1000 of these jobs are outsourced from 'Safe-4'.
Now when it grows exponentially except addressing unployment do they contibute much to the economy,yes this gaurds are employed,they can now migrate from Neem branch to Colgate ,again consumer boom at lower strata of the spectrum.
When a 'Brick & Mortar' company say a factory at Noida or Nasik grows,they procure more machines,more raw materials,they also increase salaries.
This raw materials need transportation,the raw material suppliers factory grows,then the suppiler's also need raw materials from there suppliers (the principal suppliers supplier) also grows,more jobs (lesser salary).
A CHAIN reaction sets in the economy.
Now can we say the difference which sector is contibuting how.