Service (economics)

A service is an act or use for which a consumer, company, or government is willing to pay.^[1] Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on. Public services are those that society (nation state, fiscal union or region) as a whole pays for. Using resources, skill, ingenuity, and experience, service provider's benefit service consumers. Services may be defined as intangible acts or performances whereby the service provider provides value to the customer.

^ McConnell, Campbell R.; et al. (2009). Economics. Principles, Problems and Policies (PDF) (18th ed.). New York: McGraw-Hill. ISBN 978-0-07-337569-4. Archived from the original (PDF contains full textbook) on 6 October 2016., Glossary, p. G-25.

[1] McConnell, Campbell R.; et al. (2009). Economics. Principles, Problems and Policies (PDF) (18th ed.). New York: McGraw-Hill. ISBN 978-0-07-337569-4. Archived from the original (PDF contains full textbook) on 6 October 2016., Glossary, p. G-25.

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