service industry

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The parts of the economy providing services. These may be to individual consumers, for example medical treatment or entertainment, or to businesses, for example architectural, cleaning, computing, engineering, or legal work. In some cases, such as restaurants, a combination of goods and services is provided. Service industries are collectively referred to as the tertiary sector, and are an increasing part of total activity in advanced economies. See also new economy.

Subjects: Earth Sciences and Geography — Economics.

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