(noun) Action or work by one person or group that is bought, sold, or traded to satisfy the needs or wants of another person or group.

Example: The entertainment or health care industry.

Audio Pronunciation: (ser·vice)

Download Audio Pronunciation: service.mp3

Usage Notes:

  • Plural: services
  • Typically coupled with goods and written as goods and services when discussing economic matters.

Additional Information:

Related Terms: