I know that there are primary sector (raw resources) and secondary (manufacturing). The first one is deriving value from land (agriculture or digging stuff up). The second one is creating value by adding work (making chairs out of extracted metal). But service sector sounds like creating value out of thin air.
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All value is subjective. Realistically utility is a basis of assigning value. And that utility can come in the form of services as well as product. A bar of gold today might be assigned some value to most people but that same bar of gold given to a primitive caveman probably has zero value. Value is not intrinsic.
Think of things like music or art.
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