What does Services are the major source of economic growth, accounting for most of Indias output mean? | The Accountancy Services Website

What does Services are the major source of economic growth, accounting for most of Indias output mean?

I only need to know what "services" mean THANKS!

Services mean intangible goods purchsed and sold. Teachers and schools sell education service, airlines and buses and cab drivers sell transportation service, masons and builders sell construction service, the hospital, doctors and nurses sell medical treatment services, the govt, sells postal, law and order maintenance service, the Election Commission sells electoral services, the cinema halls/ theaters, film festivals, zoos, circuses, television channels and clubs including the Indian Cricket Control Board sell entertainment and recreational services, the lawyers sell legal services, the telephone companies provide communication service of different types, the call centres provide customer relation services of a particular type, the local municipality provides water supply and other civic services, the banks provides fiancial services. Since you claim you need to know only the meaning of "services", you probably do not expect explanation of how these services are contributing in a dominant way to economic growth copared with manufacturing and agriculture.

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2 Responses

  1. Easy Peasy Says:

    Telephone call centres are ’services’. Any industry which sells peoples labour is a service industry.
    References :

  2. b'sen Says:

    Services mean intangible goods purchsed and sold. Teachers and schools sell education service, airlines and buses and cab drivers sell transportation service, masons and builders sell construction service, the hospital, doctors and nurses sell medical treatment services, the govt, sells postal, law and order maintenance service, the Election Commission sells electoral services, the cinema halls/ theaters, film festivals, zoos, circuses, television channels and clubs including the Indian Cricket Control Board sell entertainment and recreational services, the lawyers sell legal services, the telephone companies provide communication service of different types, the call centres provide customer relation services of a particular type, the local municipality provides water supply and other civic services, the banks provides fiancial services. Since you claim you need to know only the meaning of "services", you probably do not expect explanation of how these services are contributing in a dominant way to economic growth copared with manufacturing and agriculture.
    References :

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