An industry in that part of the economy that creates services rather than tangible objects. Economists divide all economic activity into two broad categories, goods and services.
Goods-producing industries are agriculture, mining, manufacturing, and construction; each of them creates tangible object.
Service industries include everything else: banking, communications, wholesale and retail trade, all professional services such as engineering, computer software development, and medicine, non-profits economic activity, all consumer services, and all government services, including defence and administration of justice. A services-dominated economy is characteristic of developed countries. In less-developed countries most people are employed in primary activities such as agriculture and mining.
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