SERVICE INDUSTRIES
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9 Terms
Tertiary sector
Service industry is often referred to what
Service industry
Represents the portion of an economy that generates value not by producing physical goods but by delivering experiences, expertise, convenience, or benefits to customers
Consumer services
Business (or producer) services
Public services
Major sub-categories of the Service Industry
Consumer services
This emerged primarily to meet lifestyle, leisure, and personal welfare needs, which expanded as societies became wealthier and more urbanized
Business 9or producer) services
Grew as industries became more specialized, requiring external expertise to support operations
Public services
Developed to provide essential services that support societal functioning and enhance quality of life
Commercialization
It introduced new services retail chains, hopitality hubs, local logistics increasing income flows and introducing new business models
Urbanization
Has brought enhanced healthcare services, education, telecommunications, banking, and hospitality into rural municipalities
Note 
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