Service (economics)

A bellhop is an example of a service-related occupation.

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer. The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange. Public services are those that society (nation state, fiscal union, region) as a whole pays for. Using resources, skill, ingenuity, and experience, service providers benefit service consumers.


From Wikipedia, the free encyclopedia · View on Wikipedia

Developed by Nelliwinne