Service Sector

The service sector, also known as the tertiary sector, encompasses industries that provide services rather than goods. This includes a wide range of activities such as healthcare, education, finance, hospitality, retail, and entertainment. Unlike manufacturing, which produces tangible products, the service sector focuses on delivering experiences, expertise, or assistance to consumers and businesses. It plays a vital role in modern economies, contributing significantly to employment and GDP. As societies develop, the service sector often grows faster than other sectors, reflecting changing consumer demands and the increasing importance of services in daily life.