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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India-The Times of India

UN to assist in flood-hit Bihar
The UN said it has rushed its agencies to aid the government and independent bodies working to provide relief to the victims of floods due to river Kosi breaching the embankment.
Orissa violence: Catholic campuses in Kerala shut
Expressing deep anguish over the attack on Christians and their institutions in parts of Orissa, Catholic schools and colleges across Kerala were on Friday shut as part of the countrywide protest over the issue.
Singur: Work at Tata plant comes to standstill
Trinamool Congress protesters have blocked entry to Tata Motors factory in Singur. Work has come to a standstill at the plant according to a Tata spokesperson.
Bandh paralyses normal life in Jammu
Normal life remained badly affected on Friday as shops and market places were closed and vehicles off the roads in response to a bandh over the Amarnath land transfer issue.
CPM to pull up Buddha for anti-bandh remarks?
The CPM is planning action against West Bengal Chief Minister Buddhadeb Bhattacharjee for his anti-bandh remarks, according to sources.
Amarnath land row may end soon
The samiti will meet the governor's panel today. J&K govt has reportedly agreed to use of the 100 acres of disputed land at Baltal during the two-month pilgrimage period.

Hindustan Times News Feeds 'India'

Violence continues in Orissa despite curfew
The communal violence continues for the 7th day on Friday with reports of stray incidents in Kandhamal district despite a curfew.
Orissa violence: Catholic campuses in Kerala shut
Expressing deep anguish over the attack on Christians in parts of Orissa, Catholic schools and colleges across Kerala are shut as part of the countrywide protest over the issue.
Work at Tata Motors comes to halt in Singur
The work comes to a standstill after the company decided against operating any shift due to problems encountered by employees last night.
Dalai Lama is 'stable': hospital
The 73-year-old spiritual leader was taken to Lilavati hospital on Thursday after suffering from exhaustion and complaining of "discomfort in his abdomen," according to his office.
Actress Jayshree Gadkar passes away
Jayshree Gadkar, one of the last living legends of the golden age of Marathi cinema, passes away this morning following brief illness.
Curfew remains clamped in Kashmir
The curfew, which was imposed in the Valley in the wee hours of Sunday to stall a march by separatists in Srinagar, is still in place without relaxation.

The Indian Express

Enter Obama
The vote was by acclamation after Senator Hillary Rodham Clinton waded onto the convention floor amid a standing...
The nation and its 40 hectares
On August 8 when Syed Ahmed Shah Geelani was shouting pro-Pakistan and religious slogans in Srinagar, about 100 km...
Series won, but lots to play for
Despite taking an unassailable 3-1 lead, some members of the Indian team are still craving for success.
CPM tells Buddha in case he forgot: strike a basic right
I do not support any bandh. I agree it's not helping anyone... But unfortunately as I belong to one party and they call a strike...
Montek says he is not in the race for Reserve Bank governor
Montek Singh Ahluwalia, deputy chairman of the Planning Commission, is not in the race for the top slot at the Reserve Bank of India.
Just let me be
Continual celebration of victimhood isn't helping Gujarat. NGOs need to understand this

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