What is the service industry?

Service industry refers to the collection of production departments and enterprises that produce and sell service goods, and it is an important industry in modern economy.

There are generally two kinds of service industry: one is divided into traditional service industry, emerging service industry and modern service industry; The other is divided into life service industry and productive service industry.

Traditional service industry:

Traditional service industry refers to the service industry that existed before industrialization and operated in the traditional mode of production, and it is an industry that provides various services for people's daily life.

Emerging service industry refers to the transformation and upgrading of traditional service industry in a certain stage of industrialization, with the development of information technology and the emergence of knowledge economy, the refinement of social division of labor and the upgrading of consumption structure, which mainly includes education, medical care, entertainment, culture and public services that emerged and developed rapidly in the post-industrial period.

Modern service industry came into being at the relatively developed stage of industry, mainly relying on information technology and modern management concepts, and it is the product of the combination of information technology and service industry, such as information service, health industry, banking, securities, trust and other industries.

Life service industry:

Life service industry belongs to the field of consumption, and its development can be reflected in the improvement and enrichment of people's living standards, quality of life and life content, mainly including catering and accommodation, business services, cultural industries, tourism, real estate and so on.

Producer service industry refers to the service industry that provides guarantee services for maintaining the continuity of industrial production process, promoting industrial technological progress, industrial upgrading and improving productivity, including financial services, transportation, modern logistics and e-commerce.