service sector

Non-manufacturing industries collectively

The service sector is the part of an economy that produces services rather than goods—industries like healthcare, retail, finance, hospitality, and education.

It contrasts with the agricultural sector (farming, fishing) and the industrial sector (manufacturing, construction).

In developed economies, the service sector typically employs the majority of workers and generates most economic output.

The service sector now accounts for over 70% of GDP in most Western nations.

Opposites
economic sector classification

service sectormanufacturing sector

Production-focused economic segment

industrial sector · manufacturing · agriculture · mining sector · construction sector

goods production vs. service provision

service sectorhard goods

Long-lasting retail merchandise

economic development stage

service sectoragrarian economy

Agriculture-dominated financial structure

industrial economy · smokestack industries

Family

service, sector

Familiarity
Top 200,000
Profile
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