Services
Services are activities that are provided by one party to another. Services are intangible, meaning they cannot be seen, touched, or held. Examples of services include accounting, banking, consulting, education, insurance, and transportation. Services are often provided by professionals such as doctors, lawyers, and accountants. Services are also provided by businesses such as restaurants, hotels, and airlines.
History of Services
The concept of services has been around since ancient times. In the early days, services were provided by individuals or small groups of people. As societies grew and became more complex, services became more specialized and were provided by larger organizations. In the modern era, services are provided by large corporations and organizations. Services have become an important part of the global economy, accounting for a large portion of the world’s GDP.
Comparison of Services
| Service | Cost | Time |
|---|---|---|
| Accounting | $50/hour | 2 hours |
| Banking | $25/transaction | 1 day |
| Consulting | $100/hour | 3 hours |
| Education | $500/semester | 1 semester |
| Insurance | $100/month | 1 year |
| Transportation | $50/trip | 1 hour |
Summary
Services are activities that are provided by one party to another. Services are intangible and have been around since ancient times. They are an important part of the global economy and are provided by large corporations and organizations. For more information about services, visit websites such as Investopedia, The Balance, and Business Insider.
See Also
- Product
- Goods
- Consumer
- Supply Chain
- Marketing
- Retail
- Distribution
- Manufacturing
- Logistics
- Economics
