Services are activities that satisfy the wants and needs of consumers. It is similar to what good is. The only difference is that the service is intangible, while the interest is tangible. These are intangible because they do not have a material form and are made in exchange for an economic benefit. They are also intangible because customers cannot physically acquire them since they are not material.
They can be enjoy the instant they are borrowed. On the other hand, the goods can be enjoyed for an extended time.
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Private services: These are offer by private companies that satisfy the wishes or needs of consumers in exchange for financial compensation. For example, the internet, personal security, or cell phone service.
Public services: These are offer by the State to help the population that requires them. For example, the police, fire departments, or hospitals.
Workshop services: It is the type of service offer by individual people who must be train in maintaining and repairing a good for example, a workshop for cars.
Maintenance services: They offer the possibility of repairing items for customers for example, mobile phones, televisions, etc. At an industrial level, it can be motorcycles or trucks.
Home services: The client hires them through the internet or telephone call with the aim of not leaving his home. For example, food delivery.
Rental services: are the kind of service people hire to solve a need for a specific time. For example, we rent a house, a dress, etc.
The tertiary sector of the economy, usually known as the service sector, remains the third of the three economic segments in the three-sector model. The others are the leading sector and the minor sector.
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