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Business providers (outlined right here as NACE Rev. 1.1 Divisions 72 and seventy four) are a driver of the knowledge-primarily based economy. Their labour-intensive nature has also attracted interest of their potential as providers of new jobs in the future.
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A service enterprise is a business model that provides intangible value beyond a bodily product. Advanced economies have shifted in direction of a service-based mostly economy whereby the full value of companies may exceed the overall value of merchandise as a proportion of GDP. The following are frequent examples of service companies.