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.