Early Informal Service Definition
Hill'77 [3] is a good place to start. (Further discussion in [4].)
A service "may be defined as
a
change in the condition
of
an economic unit or a person,
or of a good belonging to some economic unit,
which is brought about as a result of an activity
of some other economic unit,
with the prior agreement of the former person or economic unit."
Notice, that unlike goods, services cannot be owned.
This definition does not explicitly include
value
.
What's wrong with this definition?
[3]Hill, P (1977) On goods and services, Review of Income and Wealth, 23(4):315-338.
[4]
Araujo L, Spring M (2005) Services, Products, and the Institutional Structure of Production, 21st Industial Marketing and Purchasing Conference, 35(7):797-805, Rotterdam, Netherlands.
DOI: 10.1016/j.indmarman.2006.05.013
©2012
Charles Petrie
- permission to reproduce widely with attribution.
