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This article is about a term used in economics. For other uses, see service (disambiguation).

In economics and marketing, a service is the non-material equivalent of a good. Service provision has been defined as an economic activity that does not result in ownership, and this is what differentiates it from providing physical goods. It is claimed to be a process that creates benefits by facilitating either a change in customers, a change in their physical possessions, or a change in their intangible assets.

By supplying some level of skill, ingenuity, and experience, providers of a service participate in an economy without the restrictions of carrying stock (inventory) or the need to concern themselves with bulky raw materials. On the other hand, their investment in expertise does require marketing and upgrading in the face of competition which has equally few physical restrictions.

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tandemtracks (Oscar Furtado) Fri, 18 Dec 2009 00:33:53 -0000
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LinkU2 (LinkU2 UK Directory) Fri, 18 Dec 2009 00:30:18 -0000
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I'm SiCK of seeing CaMeL CaSE in the tiTles of SerVICes, PRoduCTs and other sunDry CouRSEs.
amca01 (Alasdair McAndrew) Fri, 18 Dec 2009 00:23:12 -0000
I'm SiCK of seeing CaMeL CaSE in the tiTles of SerVICes, PRoduCTs and other sunDry CouRSEs.
Today in these parts of the planet anything is supposedly possible because of products, services, and promising discoveries being made…
dishanker (Dishanker Raj) Fri, 18 Dec 2009 00:05:50 -0000
Today in these parts of the planet anything is supposedly possible because of products, services, and promising discoveries being made…
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Nice to tweet you @Qwest_IAR, welcome to twitterland. This is the AR team handle for Qwest's B2B strategy and products/services portfolio
carterlusher (Carter Lusher) Thu, 17 Dec 2009 23:28:37 -0000
Nice to tweet you @Qwest_IAR, welcome to twitterland. This is the AR team handle for Qwest's B2B strategy and products/services portfolio

 
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