service industry

  

Definition

An industry made up of companies that primarily earn revenue through providing intangible products and services.

Service industry companies are involved in retail, transport, distribution, food services, as well as other service-dominated businesses. Also called service sector, tertiary sector of industry. See also primary industry, secondary industry.


Use service industry in a sentence

  • The service industry has been growing consistently and this is because there will always be a demand for human intelligence.

    10 people found this helpful
  • Since neither of my parents ever got educational degrees, they have grown up struggling financially and have always worked in the service industry one way or another.

    6 people found this helpful
  • The Koch brothers which own Koch Industries are a gigantic force in the service industry, where their company produces everything from toilet paper, electricity, fertilizers, petroleum, and even has a distribution entity.

    7 people found this helpful
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/service-industry.html

Have a question about service industry? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z