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Meaning of “service-based” in the English Dictionary

"service-based" in Business English

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service-basedadjective

uk   us   ECONOMICS
used to describe an ​activity that is ​based on services (= doing things for ​customers) rather than on ​manufacturing: The biggest ​change in the US ​labormarket has been the ​transformation from an industry-based to a service-based ​economy.
(Definition of service-based from the Cambridge Business English Dictionary © Cambridge University Press)
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