asked 22.1k views
1 vote
Which term describes the economy that revolves around providing intangible services such as restaurant work, health care provision, higher education, tech support, and massage?

1 Answer

5 votes

Answer

The correct answer here is service sector.

Step-by-step explanation:

Service sector is one of the three sectors of economy , which produces both tangible and intangible services like warehousing service, information service, professional , health care, entertainment services etc. Usually countries whose economies centered around service sector are considered to be more progressive or advanced than other economies like agricultural or industrial. This sector is the largest sector of worldwide ( global ) economy when seen in terms of value added.

answered
User Ramashish Tomar
by
8.7k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.