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Topic Content:
- Service Industry
The service sector is the lifeline for the social-economic growth of a country. The service industry is made up of companies that primarily earn revenue through providing intangible products and services i.e. (the service industry is an industry that provides a service for people but does not result in the production of goods).
Service industry companies are involved in retail, transport, distribution, food services as well as other services-dominated businesses .
The service industry is one where no goods are produced and is a part of the economy that creates services rather than tangible
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