Service Industries (tertiary Industries) – The economic activities that are not producing end products. They include selling, hospitality and leisure

To remember the meaning of the term Service Industries, use the following mnemonic:

She took her car for a service and found, to her surprise, that inside the garage there were lots of other industries (service industries): a financial services desk, a drinks bar, a beauty salon, and a live band on stage.

Note: Examples of service industries include commercial (shops), professional (solicitors, dentists, engineering, business consultancy), social (schools and hospitals), entertainment (restaurants and cinemas) and personal (hairdressers and fitness trainers),

Another area that is very important is financial services, which includes banking, insurance, and investment management.

A services-dominated economy is the hallmark of a developed country.

In less-developed countries, working people are employed in primary activities such as agriculture and mining, while much of manufacturing has shifted to developing countries, such as China and India.