Ask Question
BusinessBusiness
31 January, 08:58

Which term describes the economy that revolves around providing intangible services such as restaurant work, health care provision, higher education, tech support, and massage?

+3
Answers (1)
  1. 31 January, 12:41
    0
    Answer

    The correct answer here is service sector.

    Explanation:

    Service sector is one of the three sectors of economy, which produces both tangible and intangible services like warehousing service, information service, professional, health care, entertainment services etc. Usually countries whose economies centered around service sector are considered to be more progressive or advanced than other economies like agricultural or industrial. This sector is the largest sector of worldwide (global) economy when seen in terms of value added.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which term describes the economy that revolves around providing intangible services such as restaurant work, health care provision, higher ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Select which is NOT a component of a standard housing lease. APurchasing homeowner's insurance. BWhat repairs are the renter's responsibility. CThe monthly cost of rent. DType of pets allow
Answers (1)
l economic systems (capitalist, communist, or any other) face similar economic problems. Which of the following questions would NOT be faced by all economies? 1) How many resources will be devoted to maintaining and increasing future capacity?
Answers (1)
The area surrounding a service from which customers are attracted is the
Answers (2)
Emerson Inc. would like to undertake a policy of paying out 45% of its income. Its latest net income was $1,250,000, and it had 225,000 shares outstanding. What dividend per share should it declare?
Answers (1)
Now, suppose the government were to decrease net taxes by $20 billion without changing the level of government purchases. This would shift the aggregate expenditure line by $ billion.
Answers (1)
New Questions in Business
Herbie and irene have been married for almost 55 years. through it all they have remained committed to each other and have been as close as two people can be. over the years the passion has waned but they still stayed together.
Answers (1)
Total variable costs Group of answer choices initially increase as output increases and then decrease. always decrease with output. always increase with output. initially decrease and then increase with output.
Answers (1)
Lasso Corporation manufactures a product with the following full unit costs at a volume of 4,000 units: Direct materials $ 200 Direct labor 80 Manufacturing overhead (30% variable) 150 Selling expenses (50% variable) 50 Administrative expenses (10%
Answers (1)
The Titan retires a $24.6 million bond issue when the carrying value of the bonds is $22.2 million, but the market value of the bonds is $28.3 million. The entry to record the retirement will include: Multiple Choice A credit to cash for $22.
Answers (1)
Amy Lambert's home is insured for $85,000 and her detached garage is destroyed by a windstorm. She hopes to collect $11,850 under her homeowner's policy. What will happen?
Answers (1)
Home » Business » Which term describes the economy that revolves around providing intangible services such as restaurant work, health care provision, higher education, tech support, and massage?
Sign Up Forgot Password?