Service sector
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Service sector an overview by

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Published by The Ministry in [Toronto] .
Written in English


  • Service industries -- Ontario

Book details:

Edition Notes

Statementprepared by Service Sector Secretariat, Small Business, Services & Capital Projects, Ministry of Industry, Trade and Technology.
ContributionsOntario. Ministry of Industry, Trade and Technology.
The Physical Object
Paginationii, 129 leaves :
Number of Pages129
ID Numbers
Open LibraryOL14923479M

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Service Sector: The service sector produces intangible goods, more precisely services instead of goods, and according to the U.S. Census Bureau, it is comprised of various service industries. The service sector is an important part of the economy. For example, in Australia in , 85% of all businesses were in the service sector. In there were more than nine million people employed in the service sector in Australia, which was 86% of all jobs. In India, there has been a huge growth in service sector businesses which made up 55% of India's GDP in —   Service costing is an essential concept since every service organization needs to ascertain its business overheads. It is to ensure fair pricing of the products, i.e., services; and for keeping a control over its fixed and variable costs. Introduction and implementation of Goods and Services Tax (GST) in India has its favourable and unfavourable impacts on the three sectors of an economy i.e. primary, secondary and tertiary sector. Service sector plays a major role in a developing.

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