What is the difference between manufacturing sector and service sector?

Manufacturing sector is the combination of all industries that are engaged in transforming raw materials into consumer goods. Service sector is that sector which provides ‘services’ to the consumer. This sector produces intangible goods.Click to see full answer. Hereof, what is meant by service sector?The Service Sector, also called tertiary sector, is the third of…

Manufacturing sector is the combination of all industries that are engaged in transforming raw materials into consumer goods. Service sector is that sector which provides ‘services’ to the consumer. This sector produces intangible goods.Click to see full answer. Hereof, what is meant by service sector?The Service Sector, also called tertiary sector, is the third of the three traditional economic sectors. Activities in the service sector include retail, banks, hotels, real estate, education, health, social work, computer services, recreation, media, communications, electricity, gas and water supply.Secondly, is manufacturing a sector or industry? The manufacturing sector is part of the goods-producing industries supersector group. The Manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products. Likewise, is manufacturing and industry the same thing? Industry is a group concept while manufacturing is an unit. Manufacturing may be from handicrafts to high tech. It involves converting raw materials to finished products. Thus manufacturing process is a species of a large genus called industry.What is service sector in India?India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction.

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