From cutting the grass to providing health care to delivering packages, service industries in the United States play an integral part in the daily activities of millions of people and businesses. These services may offer an improved standard of living,...

Industry that provides services rather than goods. Economists divide the products of all economic activity into two broad categories, goods and services. Industries that produce goods (tangible objects) include agriculture, mining, manufacturing, and...

An industry not producing goods but performing various tasks, including transportation, distribution, professional advice, finance. This sector has expanded rapidly in Western countries since 1950, partly as the result of firms becoming more...

That part of an economy producing SERVICES. The formal part of this sector is dominated by schools, hospitals, retailing, banks and insurance; the informal part is dominated by self-employed persons in the BLACK ECONOMY. In the USA and the UK, as a...

The tertiary sector of industry (also known as the service sector or the service industry) is one of the three main industrial categories of a developed economy, the others being the secondary industry (manufacturing), and primary industry (extraction...