Meaning of “service-based” in the English Dictionary

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"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 labor market 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)