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SERVICE INDUSTRIES

CONTENT

  1. Meaning of Service Industries
  2. Types of Service Occupations
  3. Roles or Contributions of the Service Industry to Economic Development

 

Meaning of Service Industries

The service industries involve the provision of services to business as well as to final consumers. It can also be called tertiary sector of industry. Services involved doing something for the consumers, which could be personal or indirect services. Service industries are:  tourism, transport, banking, insurance, warehousing, and advertisement.

Types of Service Occupations

Service industry can be divided into direct and indirect service.

1. Direct Service

This includes personal services rendered for direct consumption and are paid for directly by those who enjoy the service. Those who engage in this form of services are: housemaids, stewards, entertainers, barbers, family doctors, lawyers in private practice, etc.

2. Indirect Service

Indirect service includes services rendered to the general public but they are not paid for by the members of the public directly. The government will pay from taxes and levies paid by the public.

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Lesson tags: Economics Lesson Notes, Economics Objective Questions, SS3 Economics, SS3 Economics Evaluation Questions, SS3 Economics Evaluation Questions First Term, SS3 Economics First Term, SS3 Economics Objective Questions, SS3 Economics Objective Questions First Term
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