Service sector in the context of "Seychelles"

⭐ In the context of Seychelles, the significant shift in economic structure after 1976 is best characterized by a move away from which primary industry?

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⭐ Core Definition: Service sector

In economics, the tertiary sector (also known as the service sector) is the economic sector which comprises the provision of services as opposed to the manufacture of finished goods. Services (also known as "intangible goods") include attention, advice, access, experience and affective labour.

The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution and sale of goods from a producer to a consumer, as may happen in wholesaling and retailing, pest control or financial services. The goods may be transformed in the process of providing the service, as happens in the restaurant industry. However, the focus is on people by interacting with them and serving the customers rather than transforming the physical goods. The production of information has been long regarded as a service, but some economists now attribute it to a fourth sector, called the quaternary sector.

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👉 Service sector in the context of Seychelles

Seychelles (/sˈʃɛl(z)/ , /ˈsʃɛl(z)/; French: [sɛʃɛl] or [seʃɛl]), officially the Republic of Seychelles (French: République des Seychelles; Seychellois Creole: Repiblik Sesel), is an island country and archipelagic state consisting of 115 islands in the Indian Ocean. Its capital and largest city, Victoria, is 1,500 kilometres (800 nautical miles) east of mainland Africa. Nearby island countries and territories include the Maldives, Comoros, Madagascar, Mauritius, and the French overseas departments of Mayotte and Réunion to the south; and the Chagos Archipelago to the east.Seychelles is the smallest country in Africa as well as the least populated sovereign African country, with an estimated population of 100,600 in 2022.

Seychelles was uninhabited prior to being encountered by Europeans in the 16th century. It faced competing French and British interests until it came under full British control in the early 19th century. Since proclaiming independence from the United Kingdom in 1976, it has developed from a largely agricultural society to a market-based diversified economy, characterised by service, public sector, and tourism activities. From 1976 to 2015, nominal GDP grew nearly 700%, and purchasing power parity nearly 1600%. Since the late 2010s, the government has taken steps to encourage foreign investment.

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Service sector in the context of Professional services

Professional services are occupations in the service sector requiring special training in liberal arts and pure sciences education or professional development education. Some professional services, such as architects, accountants, engineers, doctors, and lawyers require the practitioner to hold professional degrees or licenses and possess specific skills. Other professional services involve providing specialist business support to businesses of all sizes and in all sectors; this can include tax advice, supporting a company with accounting, IT services, public relations services or providing management services.

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Service sector in the context of Service economy

Service economy can refer to one or both of two recent economic developments:

The old dichotomy between product and service has been replaced by a Service (economics) service–product continuum [1]. Many products are being transformed into services.

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Service sector in the context of Alberta

Alberta is a province in Canada. It is a part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to its west, Saskatchewan to its east, the Northwest Territories to its north, and the U.S. state of Montana to its south. Alberta and Saskatchewan are the only two landlocked Canadian provinces. The eastern part of the province is occupied by the Great Plains, while the western part borders the Rocky Mountains. The province has a predominantly continental climate, but seasonal temperatures tend to swing rapidly because it is so arid. Those swings are less pronounced in western Alberta because of its occasional Chinook winds.Alberta is the fourth largest province by area, at 661,848 square kilometres (255,541 square miles), and the fourth most populous, with 4,262,635 residents. Alberta's capital is Edmonton; its largest city is Calgary. The two cities are Alberta's largest census metropolitan areas. More than half of Albertans live in Edmonton or Calgary, which encourages a continuing rivalry between the two cities. English is the province's official language. In 2016, 76.0% of Albertans were anglophone, 1.8% were francophone and 22.2% were allophone.

Alberta's economy is advanced, open, market-based, and characterized by a highly educated workforce, strong institutions and property rights, and sophisticated financial markets. The service sector employs 80% of Albertans, in fields like healthcare, education, professional services, retail, tourism and financial services. The industrial base includes manufacturing, construction, and agriculture (10%, 5%, and 2% of employment respectively), while the knowledge economy includes about 3000 tech companies employing an estimated 60,000 people, mainly in Calgary and Edmonton. The energy sector employs 5% of Albertans but significantly impacts exports and GDP. Alberta's exports, primarily US-bound, consist of 70% oil and gas, 13% food products, and 12% industrial products. Oil and gas are culturally influential, having shaped politics, generated "striking it rich" narratives, and created boom-and-bust cycles. In 2023, Alberta's output was $350 billion, 15% of Canada's GDP.

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Service sector in the context of Soft infrastructure

Soft infrastructure is all the services that are required to maintain the economic, health, cultural and social standards of a population, as opposed to the hard infrastructure, which is the physical infrastructure of roads, bridges etc. It includes both physical assets such as highly specialised buildings and equipment, as well as non-physical assets, such as communication, the body of rules and regulations governing the various systems, the financing of these systems, the systems and organisations by which professionals are trained, advance in their careers by acquiring experience, and are disciplined if required by professional associations. It includes institutions such as the financial and economic systems, the education system, the health care system, the system of government, and law enforcement, and emergency services.

The essence of soft infrastructure is the delivery of specialised services to people. Unlike much of the service sector of the economy, the delivery of those services depends on highly developed systems and large specialised facilities, fleets of specialised vehicles or institutions.

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Service sector in the context of Gratuity

A gratuity (often called a tip) is a sum of money customarily given by a customer to certain service sector workers such as hospitality for the service they have performed, in addition to the basic price of the service.

Tips and their amount are a matter of social custom and etiquette, and the custom varies between countries and between settings. In some countries, it is customary to tip servers in bars and restaurants, taxi drivers, tattoo artists, hair stylists and so on. However, in some places tipping is not expected and may be discouraged or considered insulting. The customary amount of a tip can be a specific range or a certain percentage of the bill based on the perceived quality of the service given.

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Service sector in the context of Economy of France

France has a highly developed social market economy with strong state participation in strategic sectors. It is the world's seventh-largest economy by nominal GDP and the ninth-largest economy by PPP, constituting around 3% of world GDP. Due to a volatile currency exchange rate, France's GDP as measured in dollars fluctuates sharply, by 2025 it is 15% larger than in 2008. France has a diversified economy, that is dominated by the service sector (which in 2017 represented 78.8% of its GDP), whilst the industrial sector accounted for 19.5% of its GDP and the primary sector accounted for the remaining 1.7%. In 2024, France was the largest Foreign Direct Investment recipient in Europe, and Europe's second-largest spender in research and development. It was ranked among the 10 most innovative countries in the world by the 2020 Bloomberg Innovation Index, as well as the 15th most competitive nation globally according to the 2019 Global Competitiveness Report (up 2 notches compared to 2018). It was the fifth-largest trading nation in the world (and second in Europe after Germany). France is also the most-visited destination in the world, as well as the European Union's leading agricultural power.

According to the International Monetary Fund (IMF), in 2025, France was the world's 25th country by GDP per capita with $48,981 per inhabitant. In 2023, France was listed on the United Nations's Human Development Index with a value of 0.920 (indicating very high human development) and 25th on the Corruption Perceptions Index in 2024. Among OECD members, France has a highly efficient and strong social security system, which comprises roughly 31.7% of GDP.

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Service sector in the context of Waiting staff

Waiting staff (BrE),, waitstaff, waiters (MASC) / waitresses (FEM), or servers (AmE) are those who work at a restaurant, a diner, or a bar and sometimes in private homes, attending to customers by supplying them with food and drink as requested. Waiting staff follow rules and guidelines determined by the manager. Waiting staff carry out many different tasks, such as taking orders, food-running, polishing dishes and silverware, helping bus tables, entertaining patrons, restocking working stations with needed supplies, and handing out the bill.

Waiting on tables is part of the service sector and among the most common occupations. In the United States, the Bureau of Labor Statistics estimated that, as of May 2023, there were about 2.2 million people employed as servers in the country.

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Service sector in the context of Bertelsmann

Bertelsmann SE & Co. KGaA, commonly known as Bertelsmann (German pronunciation: [ˈbɛʁtl̩sˌman] ), is a German private multinational conglomerate corporation based in Gütersloh, North Rhine-Westphalia, Germany. It is one of the world's largest media conglomerates and is also active in the service sector and education.

Bertelsmann was founded as a publishing house by Carl Bertelsmann in 1835. After World War II, Bertelsmann, under the leadership of Reinhard Mohn, went from being a medium-sized enterprise to a major conglomerate, offering not only books but also television, radio, music, magazines and services. Its principal divisions include the RTL Group, Penguin Random House, BMG, Arvato, the Bertelsmann Marketing Services, the Bertelsmann Education Group and Bertelsmann Investments.

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