The service industry encompasses businesses that provide intangible products or services rather than physical goods. This sector includes a broad range of industries such as healthcare, hospitality, finance, education, and retail. Unlike manufacturing or agriculture, the service industry focuses on delivering experiences, expertise, or support to customers. It plays a critical role in modern economies, often contributing the largest portion to GDP in developed countries. The sector thrives on customer satisfaction, emphasizing the importance of skilled labor, efficient management, and innovation to maintain competitiveness in an increasingly globalized marketplace.

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