The service industry refers to a sector of the economy that provides services rather than goods. This includes a wide range of activities such as hospitality, healthcare, education, and finance. Businesses in this industry focus on delivering value through experiences, expertise, and support to customers. Key components of the service industry include restaurants, hotels, banks, and hospitals. Unlike manufacturing, which produces tangible products, the service industry emphasizes intangible offerings, such as customer service and personal interaction. This sector plays a crucial role in job creation and economic growth in many countries.