2. THE SERVICES
AND INFORMAL
SECTORS

3. Aside from the
agricultural and
business sectors, there
are two more sectors
that can be considered
as important
components of the
economy of any

4. THE SERVICES
SECTOR
The services sector consists
of those industries that
perform the giving of
services to consumers as
well as to other businesses.
This sector does not involve
the production of physical
goods. For this reason, this
sector is also known as

5. Since the services sector involves
the giving of services such as
transport or distribution to other
businesses, it can be said that the
services sector is a very crucial
part of any economy.
No company usually produces its
own electricity, and thus most
companies are dependent on the
power service firms. The
government, for its part, does

6. THE SCOPE OF THE
SERVICES SECTOR
The services sector consists of
many types of businesses, and
in today’s information age
the services sector is
becoming the major
component of the economy.

8. •This provides
financial services
and future
guarantees to
consumers.

10. • This takes care of
the needs of locals
and foreigners who
are going about
certain beautiful
places as part of

12. • This involves the
distribution of goods and
services to more specific
clients. The big
departments stores
(wholesale) as well as
the local sari-sari store
(retail) may be

14. • This involves the
transmission of
knowledge, informat
ion, and
understanding by
teachers to

16. • These includes the highend restaurants, as well
as the popular fastfoods
chains, such as McDonald’s
and Jollibee. While these
provide food as endproducts, what they do is
just prepare and serve

18. • This includes the record and
music industry, which
provides songs and music
for everyone’s
entertainment; the radio
and television industry,
which provides real time
shows and news, as well as
the leisure industry,
consisting of games and

20. •The transport
sector provides
transport and
delivery service
for people and
goods. This
includes the public

22. • This includes
hospitals, clinics, and
all other providers of
medical and health
care. Under these are
the
doctors, nurses, midwiv

24. • This is a major group
comprising various
experts such as
lawyers, accountant
s, investment
experts, and
writers, who may

26. • Government service as a
whole, including those
provided by public
utilities, is considered
as part of the services
sector. This includes
the services rendered
by soldiers, policemen,