ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Abstract. Introduction. Producer services providers are firms that sell services primarily to the business community rather than to individuals and households. Accounting firms, consultants, and computer design services are prominent examples of producer services businesses.

Detailed explanation-2: -Services are actions or an action that someone does for you. Services are intangible property since you don’t receive anything solid and you don’t obtain ownership of the actions taken. The purchaser of a services gets something needed but does not own any tangible, solid or fixed property.

Detailed explanation-3: -Human Resources (labor) The quantity and quality of human effort directed toward producing goods and services (also called labor).

Detailed explanation-4: -Business services are referred to as the activities that assist business yet does not deliver a tangible commodity. For instance, Information technology is one such business service that supports various other business services such as shipping, procurement and finance.