Which term describes an economy focused on services rather than manufactured goods?

• A. Service
• B. Property
• C. Service economy
• D. Tangible

Answer: (C)

A service economy describes an economy where the majority of value comes from providing services—things like healthcare, finance, education, software, and hospitality—rather than producing physical goods. This focus means most jobs and growth come from the service sector, not manufacturing. That’s why this term is the best fit: it names the overall economic structure where services dominate. The other options don’t fit because one refers only to services in general without describing the whole economy’s emphasis, another points to ownership or real estate, and the last describes physical goods, which is the opposite of a service-dominated economy.