Definition of service economy in English:
An economy or the sector of an economy that is based on trade in services.
- We went from a manufacturing economy to a service economy to an information economy.
- There is no doubt that we have transitioned from a service economy to an information economy.
- We are mostly a service economy based on low wages with a dwindling manufacturing and production economy.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan