What is service industry? How to use in English

Discover the meaning of service industry in English, its pronunciation, and how to use it correctly in real-life situations. See examples and easy memorization tips.

Definition & pronunciation of service industry

service industrynoun

ngành dịch vụ

/ˈsɜːvɪs ɪndəstri//ˈsɜːrvɪs ɪndəstri/

Where does the word service industry come from?

The term "service industry" emerged in the late 1950s in response to a significant shift in the structure of modern economies. In the past, industrial and agricultural sectors were the main drivers of economic growth, but with the rise of automation, globalization, and technological advancements, the service sector became increasingly critical to national economies. Before the concept of a "service industry" was coined, this sector was often referred to as the "tertiary" or "quaternary" sectors, as they were considered less important than primary (agriculture) and secondary (manufacturing) sectors. However, as businesses began to recognize the potential of providing a wide range of services to customers, from health care and finance to transportation and hospitality, the term "service industry" gained popularity. The service industry allows businesses to create value for their customers by delivering intangible products or experiences, such as a haircut, a meal, a massage, or advice from a consultant. In contrast to manufacturing, which involves transforming raw materials into finished goods, services typically require the use of specialized skills, knowledge, and expertise to deliver customized solutions to individual customers' needs. Today, the service industry is a significant contributor to economic growth and job creation, employing a majority of the workforce in many developed countries. The ongoing COVID-19 pandemic has also highlighted the importance of the sector, as many businesses have had to pivot to offer virtual or remote services in response to restrictions on physical interactions. As the service industry continues to evolve, it is clear that it will remain a vital component of the global economy for years to come.

Example of vocabulary service industrynamespace

  • The service industry is a crucial part of the economy as it employs over 80% of the workforce in countries like the United States and the United Kingdom.
  • With the rise of e-commerce, the traditional service industry, such as brick-and-mortar stores, is facing challenges and adapting to new trends.
  • The service industry includes various sectors, such as healthcare, education, hospitality, finance, and retail.
  • Many graduates are choosing careers in the service industry, as they offer job security, opportunities for advancement, and a good work-life balance.
  • The service industry has been impacted by the pandemic, with many businesses closing temporarily or permanently due to lockdowns and safety measures.

Comment ()