What does service industry mean?
Definitions for service industry
ser·vice in·dus·t·ry
This dictionary definitions page includes all the possible meanings, example usage and translations of the word service industry.
Princeton's WordNet
service industrynoun
an industry that provides services rather than tangible objects
Wiktionary
service industrynoun
An industry that does not produce any goods, but only provides a service such as a bank or insurance company.
Wikipedia
service industry
The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the secondary sector (manufacturing). The tertiary sector consists of the provision of services instead of end products. Services (also known as "intangible goods") include attention, advice, access, experience and affective labor. The production of information has been long regarded as a service, but some economists now attribute it to a fourth sector, called the quaternary sector. The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution and sale of goods from a producer to a consumer, as may happen in wholesaling and retailing, pest control or entertainment. The goods may be transformed in the process of providing the service, as happens in the restaurant industry. However, the focus is on people by interacting with them and serving the customers rather than transforming the physical goods.
ChatGPT
service industry
The service industry is a sector of the economy that provides intangible goods or services to consumers or businesses. This includes a wide range of activities such as hospitality, transportation, education, healthcare, professional services like consulting or accounting, financial services, and more. Work in this industry involves not producing tangible goods, but providing expertise, skills, convenience, or experiences.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of service industry in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of service industry in Pythagorean Numerology is: 4
Examples of service industry in a Sentence
It was devastating for the service industry community... People were scrounging, trying to file for unemployment, trying to figure out how are they going to make their rent payment.
I’ve heard they’re all representatives of an anonymous donor, from what I’ve heard, he targets ... the fast-food-service industry.
Schlumberger Chief Executive Paal Kibsgaard:
Inevitably service industry pricing has to recover and as it does, this will consume a large part of the E&P investment increases intended for additional activity, which will further amplify the pending oil supply deficit.
Workers across the service industry are suffering. And yet they are indispensable during this critical time, the fact that these strikes are happening simultaneously shows that if the companies don't meet their demands, workers have the power to shut down the supply chains.
A lot of service companies are not getting the revenues they had otherwise expected in 2020. That is going to have a huge impact on the health of the service industry.
Translations for service industry
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"service industry." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/service+industry>.
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