Abstract
The major objectives of this research paper are to give more comprehensive information about the service sector's role in the modern economy, to illustrate it with theoretical data and actual figures, and to explore how the service sector has changed and what changes it brought to the economy. The beginning of the current paper aims to explain the term “Service” given by various researchers, to identify the key unique characteristics of them that distinguish services from goods, and present common short classifications. Then the evolution of the service-based sector is described, namely the leadership of service industries, employment share in the service sector, and the increasing role of services worldwide. Finally, it provides information about the collaboration and interaction of E-business and Services, and how E-business and ICT have changed the service sector.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
