SECTOR
Service sector is that portion of the economy that produces intangible goods. The service sector provides a service, not an actual product that could be held in your hand. Activities in the service sector include education, health, computer services,financial etc..
- The service sector is the third sector of the economy, after raw materials production and manufacturing.
- The service sector includes a wide variety of tangible and intangible services from office cleaning to rock concerts to brain surgery.
- The service sector is the largest sector of the global economy in terms of value-added and is especially important in more advanced economies.