service economy
Noun
Meaning
service economy (plural service economies)
An economy based on service sector, such as: financial services, hospitality, retail, health, human services, information technology and education.
Coordinate terms: agrarian economy, industrial economy
Examples
Any discrimination, like sharp turns in a road, becomes critical because of the tremendous speed at which we are traveling into the high-tech world of a service economy.
The invisibility of work and workers in the digital age is as consequential as the rise of the assembly line and, later, the service economy.