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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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bellyfatburning (Sean Lombardo) Sat, 07 Nov 2009 04:39:29 -0000
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tradeblog (Trade Blogger) Sat, 07 Nov 2009 04:24:21 -0000
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7 Tips for Bartering Products and Services by Kara Kelso http://bit.ly/3GFbEo
BBXACT (BBX Canberra) Sat, 07 Nov 2009 04:05:19 -0000
7 Tips for Bartering Products and Services by Kara Kelso http://bit.ly/3GFbEo
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LinkU2 (LinkU2 UK Directory) Sat, 07 Nov 2009 03:30:20 -0000
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Costco saw the growing IndoAsian population and a new Silicon Valley market in food services and products
BLKROCKET (ROBERT JONES) Sat, 07 Nov 2009 02:38:40 -0000
Costco saw the growing IndoAsian population and a new Silicon Valley market in food services and products
7 Tips for Bartering Products and Services by Kara Kelso http://bit.ly/3GFbEo
BBXUK (BBX England) Sat, 07 Nov 2009 02:33:17 -0000
7 Tips for Bartering Products and Services by Kara Kelso http://bit.ly/3GFbEo

 
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