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This article is about a term used in economics. For other uses, see service (disambiguation).

In economics and marketing, a service is the non-material equivalent of a good. Service provision has been defined as an economic activity that does not result in ownership, and this is what differentiates it from providing physical goods. It is claimed to be a process that creates benefits by facilitating either a change in customers, a change in their physical possessions, or a change in their intangible assets.

By supplying some level of skill, ingenuity, and experience, providers of a service 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 marketing and upgrading in the face of competition which has equally few physical restrictions.

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RT @bakertweets: RT @caostheory: Canonical has announced commercial services for its Bazaar version control system. http://bit.ly/70lEgT
TechManTalking (Todd R. Weiss) Thu, 10 Dec 2009 18:43:44 -0000
RT @bakertweets: RT @caostheory: Canonical has announced commercial services for its Bazaar version control system. http://bit.ly/70lEgT
Featured Job: Procurement Commercial Administrator, Bromsgrove: An FM and construction services organisation ... http://bit.ly/8DFkoc #Jobs
SecretaryJobsUK (Secretary Jobs UK) Thu, 10 Dec 2009 18:34:47 -0000
Featured Job: Procurement Commercial Administrator, Bromsgrove: An FM and construction services organisation ... http://bit.ly/8DFkoc #Jobs
Featured Job: Procurement Commercial Administrator, Bromsgrove: An FM and construction services organisation ... http://bit.ly/8DFkoc #Jobs
Insurance_JobUK (Insurance Jobs UK) Thu, 10 Dec 2009 18:30:49 -0000
Featured Job: Procurement Commercial Administrator, Bromsgrove: An FM and construction services organisation ... http://bit.ly/8DFkoc #Jobs
Featured Job: Procurement Commercial Administrator, Bromsgrove: An FM and construction services organisation ... http://bit.ly/8DFkoc #Jobs
Hereford_JobsUK (Hereford Jobs UK) Thu, 10 Dec 2009 18:12:30 -0000
Featured Job: Procurement Commercial Administrator, Bromsgrove: An FM and construction services organisation ... http://bit.ly/8DFkoc #Jobs
RT @caostheory: Canonical has announced commercial services for its Bazaar version control system. http://bit.ly/70lEgT
bakertweets (Bill Baker) Thu, 10 Dec 2009 18:09:17 -0000
RT @caostheory: Canonical has announced commercial services for its Bazaar version control system. http://bit.ly/70lEgT
RT @caostheory: Canonical has announced commercial services for its Bazaar version control system. http://bit.ly/70lEgT
LaureePR (Lauree Ostrofsky) Thu, 10 Dec 2009 17:43:24 -0000
RT @caostheory: Canonical has announced commercial services for its Bazaar version control system. http://bit.ly/70lEgT

 
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