Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,906,531,594 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Service Industry

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.

service industry

Industry that provides services rather than goods. Economists divide the products of all economic activity into two broad categories, goods and services. Industries that produce goods (tangible objects) include agriculture, mining, manufacturing, and construction. Service industries include everything else: banking, communications, wholesale and retail trade, all professional services such as engineering and medicine, all consumer services, and all government services. The proportion of the world economy devoted to services rose rapidly in the 20th century. In the U.S. alone, the service sector accounted for more than half the gross domestic product in 1929, two-thirds in 1978, and more than three-quarters in 1993. Worldwide, the service sector accounted for more than three-fifths of global gross domestic product by the early 21st century. As increases in automation facilitate productivity, a smaller workforce is able to produce more goods, and the service functions of distribution, management, finance, and sales become relatively more important.


Service Industry 

the sector of the national economy whose output takes the form of services.

According to the system of industrial classification used in planning and statistics in the USSR, the service industry includes trade, the food service industry, and the branches of the nonproduction sphere, with the exception of the branches of science, science service, and administration. Certain services are performed in response to orders by individual citizens.

In the USSR, the service industry accounts for approximately one-tenth of the total output of goods and services (in 1973, 89.9 billion out of 850.2 billion rubles). The share of services in the total consumption fund of goods and services by the population in the USSR rose from 29.6 percent in 1960 to 33.7 percent in 1974. While the service industry employed 17.1 percent of the work force in 1960, the figure had grown to 23.7 percent in 1974.

The significant growth of the service industry can be explained by structural changes in societal needs. As the material and cultural level of a society rises, the need for services related to education, culture, and public health increases at a greater rate than the aggregate of other needs owing to the objective economic law of increasing requirements. The proportion of personal income expended on services also increases. As a country’s level of economic development rises, the service industry absorbs a growing share of society’s resources, and the output of the industry plays an increasingly important role in personal consumption. The service industry is growing in all the socialist countries, and the same trend can be seen in the developed capitalist countries. In the United States, for example, services accounted for 30.4 percent of the gross national product in 1950, 37.2 percent in 1960, and 41.9 percent in 1973

REFERENCES

Rutgaizer, V. M. Sfera obsluzhivaniia—kakoi ei byt’?. Moscow, 1971.
SShA: sfera uslug v ekonomike. Moscow, 1971.
Teoreticheskie problemy uslug i neproizvodstvennoi sfery pri solsializme. Moscow, 1972.
Pravdin, D. I. Neproizvodstvennaia sfera: effektivnost’ i stimulirovanie. Moscow, 1973.

V. M. RUTGAIZER



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Mentioned in?  References in periodicals archive?   Encyclopedia browser?   Full browser?
No references found
 
Taipei, July 6, 2009 (CENS) -- To shed the over-reliance of Taiwan's economy on the ICT (information and communications technology) industry, the government will endeavor to push the development of emerging industries and foster the export competitiveness of the service industry, thus making the service industry a growth driver for the economy, according to the service industry development program, o scheduled to be passed by the Executive Yuan in its regular meeting on this Thursday (July 9).
Looking at the above mentioned advantages there seems little reason why any type service industry should not opt for this software.
whether it be travel by air, rail or road as well as the service industry of providing fro accommodations Where and how did this all arise in terms of history and historical records We take travel and the hospitality industry almost as a given ?
 
 
Service Identity Index
Service Immigration du Québec
Service Impact Management
Service Impact Manager
Service Implementation Plan
Service Implementation Repository
Service Improvement Initiative
Service Improvement Program
Service in Information & Analysis Limited
Service in Logical Order
Service in Random Order
Service in the Military
Service in the Military
Service in the Military
Service in the PSTN/IN Requesting Internet Service
Service Income Security Insurance Plan
Service Increment for Teaching
service increment for teaching and research
Service Independent Building Block
Service Independent Requirements Definition
Service Index
Service Indication Scheduling Module
Service Indicator
Service industries
Service industries
Service Industries and Capital Projects Branch
Service Industries Division
Service Industry
Service Industry Advisory Group
Service Industry Marketing
Service Industry Research Systems Inc.
Service Information
Service Information Dataset
Service Information Field
Service Information Letter
Service Information Management System
Service Information Management System-Site Support
Service Information Message
Service Information Octet
Service Information Request
Service Informatique Central
Service Informatique de l'Université de Perpignan
Service Informatique Universitaire
Service Ingénierie des Matériaux
Service Insertion Jeunes
Service Instruction Guidance
service integrated ceiling
Service Integration Bus
Service Integration Gateway
Service Integration Maturity Model
Service Inter Universitaire Handicap
Service Interacadémique des Examens et Concours
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.