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The invisibility of work and workers in the digital age is as consequential as the rise of the assembly line and, later, the service economy.
George Packer

Meaning of "service economy" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF SERVICE ECONOMY

service economy  [ˈsɜːvɪs ɪˈkɒnəmɪ] play
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GRAMMATICAL CATEGORY OF SERVICE ECONOMY

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Service economy is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES SERVICE ECONOMY MEAN IN ENGLISH?

Service economy

Service economy can refer to one or both of two recent economic developments: ▪ The increased importance of the service sector in industrialized economies. The current list of Fortune 500 companies contains more service companies and fewer manufacturers than in previous decades. ▪ The relative importance of service in a product offering. The service economy in developing countries is mostly concentrated in financial services, hospitality, retail, health, human services, information technology and education. Products today have a higher service component than in previous decades. In the management literature this is referred to as the servitization of products. Virtually every product today has a service component to it. The old dichotomy between product and service has been replaced by a service-product continuum. Many products are being transformed into services. For example, IBM treats its business as a service business. Although it still manufactures computers, it sees the physical goods as a small part of the "business solutions" industry. They have found that the price elasticity of demand for "business solutions" is much less than for hardware.

Definition of service economy in the English dictionary

The definition of service economy in the dictionary is an economy which is dominated by the provision or importance of services.

WORDS THAT RHYME WITH SERVICE ECONOMY


aeronomy
ɛəˈrɒnəmɪ
agronomy
əˈɡrɒnəmɪ
archaeoastronomy
ˌɑːkɪəʊəˈstrɒnəmɪ
astronomy
əˈstrɒnəmɪ
autonomy
ɔːˈtɒnəmɪ
bionomy
baɪˈɒnəmɪ
chemotaxonomy
ˌkiːməʊtækˈsɒnəmɪ
craniognomy
ˌkreɪnɪˈɒnəmɪ
Deuteronomy
ˌdjuːtəˈrɒnəmɪ
diseconomy
ˌdɪsɪˈkɒnəmɪ
economy
ɪˈkɒnəmɪ
folksonomy
fəʊkˈsɒnəmɪ
gastronomy
ɡæsˈtrɒnəmɪ
heteronomy
ˌhɛtərˈɒnəmɪ
isonomy
aɪˈsɒnəmɪ
physiognomy
ˌfɪzɪˈɒnəmɪ
plutonomy
pluːˈtɒnəmɪ
subeconomy
ˈsʌbɪˌkɒnəmɪ
taphonomy
təˈfɒnəmɪ
taxonomy
tækˈsɒnəmɪ

WORDS THAT BEGIN LIKE SERVICE ECONOMY

service agreement
service area
service break
service bus
service ceiling
service centre
service charge
service contract
service department
service dress
service elevator
service engineer
service families
service flat
service game
service hatch
service history
service industries
service industry
service lift

WORDS THAT END LIKE SERVICE ECONOMY

antinomy
black economy
cash economy
command economy
false economy
free-enterprise economy
free-market economy
gamma-ray astronomy
infrared astronomy
knowledge economy
market economy
mixed economy
molecular gastronomy
new economy
planned economy
political economy
principle of economy
radio astronomy
subsistence economy
the principle of economy
X-ray astronomy

Synonyms and antonyms of service economy in the English dictionary of synonyms

SYNONYMS

Translation of «service economy» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF SERVICE ECONOMY

Find out the translation of service economy to 25 languages with our English multilingual translator.
The translations of service economy from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «service economy» in English.

Translator English - Chinese

服务经济
1,325 millions of speakers

Translator English - Spanish

economía de servicios
570 millions of speakers

English

service economy
510 millions of speakers

Translator English - Hindi

सेवा अर्थव्यवस्था
380 millions of speakers
ar

Translator English - Arabic

اقتصاد الخدمات
280 millions of speakers

Translator English - Russian

экономика услуг
278 millions of speakers

Translator English - Portuguese

economia de serviços
270 millions of speakers

Translator English - Bengali

সেবা অর্থনীতি
260 millions of speakers

Translator English - French

économie de services
220 millions of speakers

Translator English - Malay

Ekonomi perkhidmatan
190 millions of speakers

Translator English - German

Dienstleistungswirtschaft
180 millions of speakers

Translator English - Japanese

サービス経済
130 millions of speakers

Translator English - Korean

서비스 경제
85 millions of speakers

Translator English - Javanese

Ekonomi layanan
85 millions of speakers
vi

Translator English - Vietnamese

nền kinh tế dịch vụ
80 millions of speakers

Translator English - Tamil

சேவை பொருளாதாரம்
75 millions of speakers

Translator English - Marathi

सेवा अर्थव्यवस्था
75 millions of speakers

Translator English - Turkish

Hizmet ekonomisi
70 millions of speakers

Translator English - Italian

economia dei servizi
65 millions of speakers

Translator English - Polish

usługa gospodarki
50 millions of speakers

Translator English - Ukrainian

економіка послуг
40 millions of speakers

Translator English - Romanian

economia serviciu
30 millions of speakers
el

Translator English - Greek

οικονομία των υπηρεσιών
15 millions of speakers
af

Translator English - Afrikaans

diens ekonomie
14 millions of speakers
sv

Translator English - Swedish

tjänsteekonomi
10 millions of speakers
no

Translator English - Norwegian

tjeneste økonomi
5 millions of speakers

Trends of use of service economy

TRENDS

TENDENCIES OF USE OF THE TERM «SERVICE ECONOMY»

The term «service economy» is regularly used and occupies the 73.088 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
66
/100
The map shown above gives the frequency of use of the term «service economy» in the different countries.
Principal search tendencies and common uses of service economy
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «service economy».

FREQUENCY OF USE OF THE TERM «SERVICE ECONOMY» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «service economy» during the past 500 years. Its implementation is based on analysing how often the term «service economy» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about service economy

EXAMPLES

QUOTES WITH «SERVICE ECONOMY»

Famous quotes and sentences with the word service economy.
1
George Packer
The invisibility of work and workers in the digital age is as consequential as the rise of the assembly line and, later, the service economy.

10 ENGLISH BOOKS RELATING TO «SERVICE ECONOMY»

Discover the use of service economy in the following bibliographical selection. Books relating to service economy and brief extracts from same to provide context of its use in English literature.
1
Managing in the Service Economy
A Harvard Business School professor summarizes the current status of the service industry and explains his "strategic service vision" theory, a logically organized plan for implementing new businesses and ideas and developing a competitive ...
James L. Heskett, 1986
2
Competing in a Service Economy: How to Create a Competitive ...
Written by the authors of the best-selling book Improving Customer Satisfaction, Loyalty, and Profit, this important new book will help business professionals to think and plan strategically to dramatically improve services, service ...
Michael D. Johnson, Anders Gustafsson, 2003
3
Innovation in the Service Economy: The New Wealth of Nations
In this book, the author propounds a theoretical framework which describes and evaluates the main approaches to analyzing and understanding innovation in services.
Faïz Gallouj, 2002
4
Managing the Service Economy: Prospects and Problems
These essays discuss the service sector and causes, problems and prospects of replacing the manufacturing business.
Robert P. Inman, 1988
5
Phone Clones: Authenticity Work in the Transnational Service ...
In Phone Clones, Kiran Mirchandani explores the experiences of the men and women who work in Indian call centers through one hundred interviews with workers in Bangalore, Delhi, and Pune.
Kiran Mirchandani, 2012
6
Innovation Systems in the Service Economy: Measurement and ...
This volume is devoted to the elaboration and understanding of the following two themes.
J Stanley Metcalfe, Ian Miles, 2012
7
Services and the Knowledge-based Economy
This book should be of value to the studentof the modern industrial society, to those seeking to forge policies appropriate to the new context of economic development, and to researchers who are confronting the challenges of the knowledge ...
Mark Boden, Ian Miles, 2000
8
The Service Economy
Services are transforming OECD economies on a massive scale, but are still impeded by regulations and policies that stifle innovation and competition.
OECD, 2000
9
Selling Ben Cheever: Back to Square One in a Service Economy
Unable to sell his latest novel, Ben Cheever started to think about what employment opportunities were out there. Selling Ben Cheever is the frank, self-effacing, and enlightening chronicle of his five years in the service industry.
Benjamin Cheever, 2002
10
The new service economy: challenges and policy implications ...
This is a unique work combining new evidence on the service economy and a full range of policy implications at the EU level.
Luis Rubalcaba-Bermejo, 2007

6 NEWS ITEMS WHICH INCLUDE THE TERM «SERVICE ECONOMY»

Find out what the national and international press are talking about and how the term service economy is used in the context of the following news items.
1
Two Thirds of Enterprises Not Prepared for “As-a-Service Economy
The report finds that while cost effective business services will always be important, ... is dependent upon transitioning to the emerging “As-a-Service Economy. «MarketWatch, Jul 15»
2
Growth in US service economy rises in June
Many economists say the economy will expand at an annual rate of 2.5 per cent in the second quarter, after shrinking during the first three months of 2015. «KOMO News, Jul 15»
3
Building your personal brand in the As-a-Service Economy
However which way we look at this, building our personal brands is the critical ingredient for furthering our career potential in this unraveling As-a-Service world. «Horses for Sources, Jun 15»
4
Avangate unveils digital commerce solution for the 'new service
Avangate has launched a new digital commerce solution that will take advantage of the emerging New Service Economy that is increasingly becoming a key ... «ITProPortal, Jun 14»
5
Creating an upscale service economy
The American economy is irrevocably shifting from manufacturing to services. Our workforce has gone from 28 percent factory workers and 72 percent service ... «Reuters Blogs, Nov 12»
6
The Netherlands' Drive to Build a Service Economy
How has a country with just 16 million inhabitants become the 15th-largest economy in the world? Answer: through a combination of resourcefulness, hard work, ... «BusinessWeek, Feb 10»

REFERENCE
« EDUCALINGO. Service economy [online]. Available <https://educalingo.com/en/dic-en/service-economy>. Feb 2020 ».
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