Question

what do you understand by service ? in thecontext of economics​

Answer 1

Answer:

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer. The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange. ... Using resources, skill, ingenuity, and experience, service providers benefit service consumers.

Answer 2

Answer:

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer. The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange. ... Using resources, skill, ingenuity, and experience, service providers benefit service consumers