þjónustugeira
þjónustugeira refers to the service sector of an economy. This sector encompasses a wide range of economic activities that do not produce tangible goods. Instead, it provides intangible services to consumers and businesses. Examples of industries within the þjónustugeira include retail, hospitality, transportation, healthcare, education, finance, information technology, and professional services like consulting and legal advice.
The growth of the þjónustugeira is often a characteristic of developed economies. As societies become wealthier,
Within the þjónustugeira, there can be further distinctions. The tertiary sector is a broad classification, while