What do we call businesses that offer services rather than goods?

Businesses that offer services rather than goods are classified within the tertiary sector. This sector includes a wide range of services such as retail, hospitality, healthcare, education, and entertainment, among others. The primary focus of the tertiary sector is to provide services that meet the needs of consumers and businesses, rather than producing physical products.

The distinction is clear when considering the roles of the various sectors: the primary sector is concerned with extracting and harvesting natural resources, the secondary sector focuses on manufacturing and construction, while the tertiary sector is dedicated to offering various services. Understanding this classification is essential for analyzing how different types of businesses contribute to the economy.