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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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b wrote a new blog post: Outsourcing projects, and Financial Institution Services from companies to low cost destin... http://bit.ly/8562zs
preampcc (phuket tho15ngsom) Fri, 11 Dec 2009 11:23:04 -0000
b wrote a new blog post: Outsourcing projects, and Financial Institution Services from companies to low cost destin... http://bit.ly/8562zs
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a1technology (A1Technology) Fri, 11 Dec 2009 05:52:46 -0000
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SBSL provides reliable outsourcing services in Bookkeeping, Accounting, Tax, Payroll and Insurance
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SBSL provides reliable outsourcing services in Bookkeeping, Accounting, Tax, Payroll and Insurance
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Meta Description: [ Cosmoprop - Commercial Property Brokers specialising in Cape Towns Northern Suburbs & Surrounding Areas, for commercial properties, retail property and industrial property, for purchase or rental ]

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Meta Description: [ TTC is an engineering company that provides machining and fabrication solutions for the South African industry, particularly the Steel, Recycling and Petro-chemical sectors. ]

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