
The service industry covers a wide variety of businesses that offer intangible goods, from professional services like consulting, education, and healthcare to personal services such as beauty treatments, hospitality, and entertainment. Unlike manufacturing, which produces physical products, the service sector delivers value through expertise, experiences, and solutions tailored to the consumer’s needs. This industry is the backbone of many developed economies, contributing significantly to GDP and employment. Key areas within the service industry include healthcare (e.g., hospitals, clinics), education (schools, universities), entertainment (cinemas, theaters), and financial services (banks, insurance companies). With technological advancements, the service industry is increasingly adopting digital tools to improve service delivery, making it more efficient and accessible to consumers.