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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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NPR Topics: Politics

A Soaring Speech? You Gotta Let It Sink In
Fri, 29 Aug 2008 01:42:00 -0400
Only after time passed did John Kerry's 2004 Democratic acceptance speech, in which he saluted and said he was "reporting for duty," become one of the most painful moments in political history. The media were mixed on Obama's speech, but how will it play out later? Only time will tell.
Obama's Acceptance Pledge: Fix 'Broken Politics'
Fri, 29 Aug 2008 01:23:00 -0400
Sen. Barack Obama accepted the Democratic Party's presidential nomination Thursday with "profound gratitude and great humility." The historic moment was witnessed by a packed football stadium in Denver and an audience of millions at home.
The Long Historic Tale Of Aug. 28
Thu, 28 Aug 2008 22:15:00 -0400
When Barack Obama accepts the Democratic nomination in his bid to become the first African-American president, he'll join icons who made history on Aug. 28, including the Rev. Martin Luther King Jr., Emmett Till and even John Hinckley Jr.

Reuters: Politics

Obama vows to reverse Bush-McCain legacy
Fri, 29 Aug 2008 03:27:02 -0400
DENVER (Reuters) - Barack Obama launched an assault on Republican presidential rival John McCain on Thursday with a promise to reverse the economic failures of the past eight years and restore America's reputation in the world.
McCain VP possibility cancels Denver appointments
Thu, 28 Aug 2008 19:40:54 -0400
DENVER (Reuters) - A top contender to be Republican John McCain's vice presidential running mate abruptly canceled appointments in Denver on Thursday but it was unclear whether he was McCain's choice.
Obama speech inspires fans, turns off Republicans
Fri, 29 Aug 2008 00:50:33 -0400
DENVER (Reuters) - Supporters of Barack Obama found the inspiration they were seeking in the Democratic nominee's prime-time speech on Thursday but many Republicans said it only compounded their concerns about him.

 
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