Service economy facts for kids

GDP Composition By Sector and Labour Force By Occupation

A service is a job or work done for someone else. All the service trades in a place form a service economy. The service economy can be in a region like a country or in a town or city.

Structure

Often, the person who gives the service will get something in return for the service. The person who gives the service can get money in return. The person who gives the service can get goods in return. The person who gives the service can get another service in return. This is a type of trade.