Definition, Meaning & Synonyms
service-industry
Noun
/ˈsɜːrvɪs ˈɪndəstri/
Definition
The sector of the economy that provides services to consumers instead of producing goods.
Examples
- She has spent her career in the service industry, working in various roles from front desk to management.
- The service industry is essential for the economy, creating jobs and supporting local communities.
- Many students take part-time jobs in the service industry while attending school.
Meaning
The service industry encompasses a broad range of economic activities that deliver value to consumers through services rather than goods. This includes businesses that provide health care, finance, hospitality, and retail services, among others.
Synonyms
- tertiary sector
- service sector
- service-based economy
