A-Z Popular Blog Business Search »
Related Guides
Competitive Advantage

Related Topics
Business Costs

Business Economics

Business Goals

23 Examples of the Service Economy

 , May 03, 2018
A service economy is a nation that generates more value from services than other sectors such as agriculture and manufacturing. Advanced economies are locked in a long term trend whereby services are becoming a greater percentage of economic output. This resembles the 19th century process of industrialization whereby manufacturing replaced agriculture as the largest sector of the economy in developed nations. The following are common types of value produced by a modern service economy.


The design of virtual environments and physical things. In theory, the design of things could produce more value than their manufacturing.


Marketing services in areas such as branding, promotion and distribution.


Services that produce value electronically such as a payment service or online retailer.

Software & Computing

Software and computing that are offered as a service. This is a large industry with a high growth rate.

Media & Information

Media and information are increasing shifting towards services such as a streaming media service or ebook service that allows you to check out several books at a time for a monthly fee.


Entertainment such as a film or video game.


Restaurants offer meals as a service.

Night Economy

Things to do at night such as a bar or opera.


Cultural experiences such as a streaming music service or art museum.

Club Goods

Providing access to assets for a fee. For example, a theme park or gym.

Product as a Service

Wrapping products in intangible elements such as support, maintenance and operations.


Transport such as a high speed train.

Public Services

Public services in areas such as education, healthcare, wellness, community programs and public space.


Organizations set up to do good, as they see it, as opposed to making a profit. Non-profits usually produce services such as feeding the poor.

Business Services

Business services such as consulting and process outsourcing.

Professional Services

Offering your labor as a service.

Consumer to Consumer

Services provided by consumers for consumers without much involvement by a business. For example, a babysitter.

Financial Services

Financial services such as borrowing, investing and foreign currency.


A service that accepts risk for a fee.

Manufacturing as a Service

Manufacturing itself is often provided as a business or consumer service. Automation potentially allows unique items to be manufactured on demand by providing a design.


Energy production and distribution is increasing viewed as a service such as an electrical utility as opposed to a product such as gasoline.

Construction & Maintenance

Services that construct things or maintain them.


Services that operate things. For example, a facility management service that operates data centers on behalf of corporate clients.


It is possible that some developing countries will become developed countries without developing a large industrial base. In other words, a nation may progress directly from being an agrarian economy to a service economy.
Manufacturing in one form or another will remain an important industry just as agriculture remained an important industry throughout the industrial period. It may become highly automated with few jobs.
The knowledge economy is highly related to the service economy. Service jobs tend to require more knowledge and they often produce knowledge. For example, most designers, doctors and software developers work in the service sector.
Overview: Service Economy
A nation that generates more value from services than other sectors such as agriculture and manufacturing.
Related Concepts

Business Models

This is the complete list of articles we have written about business models.
Added Value
Augmented Product
Bricks And Clicks
Business Markets
Business Products
Business Services
Club Goods
Coercive Monopoly
Collective Business
Complement Good
Consumer Business
Consumer Goods
Consumer Services
Cottage Industry
Creative Services
Digital Business
Digital Services
Convenience Good
Gig Economy
Middleman Cutting
Global Business
Designer Label
Haute Couture
Digital Goods
Long Tail
Fast Fashion
Market Maker
One Stop Shop
Managed Services
Used Goods
White Label
Modular Products
Original Equipment Manufacturer
Razor And Blades
Store Within A Store
Two Sided Market
Utility Computing
More ...
If you enjoyed this page, please consider bookmarking Simplicable.


A list of common types of services.


Everyday examples of economics.

Developed Country

The definition of a developed country with an overview of common characteristics.

Consumer To Consumer

The definition of consumer to consumer with examples.

Economic Development

The common types of economic development.

Wealth Definition

The definition of wealth with examples.

Economic Environment

The definition of economic environment with examples.

Price Stability

The definition of price stability including an overview of inflation, deflation, monetary & fiscal policy and economic efficiency.

Economic Efficiency

The common types of economic efficiency.

International Trade

A complete overview of international trade with examples.

Business Models

A list of common business models.

Creative Services

The definition of creative services with examples.

Business Value

The definition of business value with examples.


An overview of economic scale with examples.


The definition of recommerce with examples.

Service Industry

The definition of service industry with examples.

Gig Economy

A complete overview of the gig economy with examples.

Club Goods

The definition of club goods with examples.
The most popular articles on Simplicable in the past day.

New Articles

Recent posts or updates on Simplicable.
Site Map