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2020•International Journal of Advanced ResearchOpen access

SERVICE SECTOR: MYRIAD FACADES

P.G Deptt of Commerce ,TMBU, Bhagalpur, Bihar, India., Priyanka Shah

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Abstract

In this paper, we discuss the Services Sector of the economy, can be broadly grouped into three broad segments namely, the public sector, private corporate sector and the household sector. The first two are generally referred to as the organized part of the economy, as the accounts of all the business transactions of these sectors are recorded in specified documents and are made available as public documents at regular intervals. The remaining part of the economy, that is the household or unorganized sector, constitutes all unincorporated enterprises including all kinds of proprietorship and partnerships run by the individuals.

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What this paper is about

In this paper, we discuss the Services Sector of the economy, can be broadly grouped into three broad segments namely, the public sector, private corporate sector and the household sector. The first two are generally referred to as the organized part of the economy, as the accounts of all the business transactions of these sectors are recorded in specified documents and are made available as public documents at regular intervals. The remaining part of the economy, that is the household or unorganized sector, constitutes all unincorporated enterprises including all kinds of proprietorship and partnerships run by the individuals.

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Available abstract

In this paper, we discuss the Services Sector of the economy, can be broadly grouped into three broad segments namely, the public sector, private corporate sector and the household sector. The first two are generally referred to as the organized part of the economy, as the accounts of all the business transactions of these sectors are recorded in specified documents and are made available as public documents at regular intervals. The remaining part of the economy, that is the household or unorganized sector, constitutes all unincorporated enterprises including all kinds of proprietorship and partnerships run by the individuals.

Key concepts: Public sector, Private sector, Business sector, Tertiary sector of the economy, Business, Economic sector, Service economy, Service (business)

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