In economics, a service can be defined as intangible economic products, where the buyer does not usually obtain any ownership for the product being purchased. The buyer thus ensures some benefits by purchasing services from an organization.
Service includes utilization of the necessary skills, experience, resources for offering certain benefits to the customers in exchange of the willingness of the customer to invest for the services. Service sector lacks the hazards of handling raw materials for inventing new products, but require consistent promotion of their services to, maintain the position in the market, amidst the tough competitors.
Service is a blanket term that tends to bring in several aspects altogether. Moreover, in the digital era, it is even more difficult to categorize products and services, often both of them are closely connected. Some of the basic textbooks based on, which might suffice your interests are:
There are endless examples of services from our daily life. It might be private or public:
Example 1:
Services might also include the public services, offered by the government of a country, such as construction of roads, dams, transportation, etc. in exchange of extracting tax from the people at regular interval of time.
Example 2:
By entering a restaurant, we purchase the cooking service of the chiefs for one time usage, or by reserving a train, bus or flight tickets, we ensure one time transportation service, and not the ownership of the entire vehicle permanently. Therefore, these are common examples of services.
Services might be of various forms and sizes! Thus, essay topics based on services, depends on the nature of the service referred, as well as area of operation alongside consideration of several other factors. In the case there is no strict specification from your professor's end, it is indeed a difficult task to deal with such a vague term. Thus, conduct effective internet based research on the service sector before writing your assignment. The online subject experts can also be approached, in case you fail to secure some of the reliable resources for starting your preliminary research work.
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