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service sector

The part of an economy that provides services to consumers and businesses rather than producing tangible physical goods.
Noun
pl: service sectors

This term describes the tertiary sector of the economy, encompassing industries such as healthcare, finance, education, and hospitality. It is typically contrasted with the primary sector (raw materials) and the secondary sector (manufacturing). In economic discussions, a shift toward a service sector is often viewed as a sign of a maturing or developed economy.

As a compound noun, it is treated as a countable entity when referring to different types of service sectors across various regions or historical periods, though it is most frequently used in the singular to describe the general economic category.

Meanings

Noun

The part of an economy that provides services to consumers and businesses rather than producing tangible physical goods.

Examples

The service sector now accounts for the majority of the national GDP.

Business

I wonder if I should start a career in the service sector.

Many developed nations have seen a massive shift toward the service sector over the last century.

History

The growth of the service sector has created millions of new jobs in healthcare and education.

The growth of the service sector has created millions of new jobs in healthcare and education.

Business

We need to analyze how the service sector is adapting to digital transformation.

Office

The local economy relies heavily on the service sector for tourism revenue.

Travel

Is the service sector really more stable than manufacturing during a recession?

Business

The government is introducing new tax incentives to stimulate the service sector.

The government is introducing new tax incentives to stimulate the service sector.

Business

A huge portion of the urban population is employed within the service sector.

Related Words

Última atualização: May 2026Reportar um erro