service

economic product that directly satisfies wants without producing a lasting asset

AI overview

A service is work that someone does for you to meet a need or want—like getting a haircut, fixing your car, or teaching a lesson—rather than buying a physical product you can keep. Services matter because they fulfill many of our daily needs and wants that goods alone cannot address, making up a major part of modern economies.

AI-generated from the Wikipedia summary — may contain errors.

Wikidata facts

Show 4 more facts

P11012: Katherine Jackson
Commons category: Services
equivalent class: purl.org/dc/dcmitype/Service
narrower external class: schema.org/PaymentService

Sources (2)

via Wikidata · CC0

~13 min read

Article

A restaurant waiter is an example of a service-related occupation. A service is an act or use for which a consumer, company, or government is willing to pay. Examples include work done by barbers, doctors, lawyers, accountants, mechanics, banks, finance, insurance companies, and so on. Public services are those that society (nation state, fiscal union or region) as a whole pays for, such as hospitals, elementary schools, or libraries. Using resources, skill, ingenuity, and experience, service providers give benefit to service consumers. Services may be defined as intangible acts or performances whereby the service provider provides value to the customer.

Characteristics