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A service is the diametrically opposed non-material counterpiece of a physical good. A service provision comprises a sequence of activities that does not result in ownership of the outcome, and this is what fundamentally differentiates it from furnishing someone with physical goods. Service provision is a process that creates predetermined benefits by effectuating either a change of service consumers, a change in their physical possessions,[disambiguation needed] or a change in their (in)tangible assets. By composing and orchestrating the appropriate level of resources, skill, ingenuity,and experience for effecting specific benefits for service consumers, service providers 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 consistent service marketing and upgrading in the face of competition which has equally few physical restrictions. Providers of services make up the Tertiary sector of the economy. Services can be paraphrased in terms of their generic key characteristics.
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Service (economics) Subcategories
Service (economics) Articles
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