What does services mean in economics?

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2 months 1 week ago #2663 by ahmedml
What does services mean in economics?

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2 months 1 week ago #2669 by Tisha5528
A service is an act or use for which a consumer, firm, or government is willing to pay. Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on. Public services are those that society (nation state, fiscal union or region) as a whole pays for.

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