An economy or the sector of an economy that is based on trade in services.
 Example sentencesExamples
-  The entire service economy of the town was built on it, and the impact is only now being felt.
 -  He oversaw the transformation of a high-wage manufacturing economy into a low-wage service economy.
 -  There is no doubt that we have transitioned from a service economy to an information economy.
 -  We went from a manufacturing economy to a service economy to an information economy.
 -  We are mostly a service economy based on low wages with a dwindling manufacturing and production economy.