Gratuity, commonly referred to as a tip, is a sum of money given to certain service sector workers for the services they provide, usually in addition to the basic price.
A service business is a form of business that provides various types of labor services in a wide variety of business sectors, aiming to fulfill specific customer needs.
A service economy is an economic structure where the majority of activities and jobs are centered around services rather than manufacturing, agriculture, or extraction. In such economies, the service sector dominates, offering various non-tangible goods such as healthcare, information technology, education, finance, and entertainment.
The service sector is a crucial part of the economy, encompassing businesses that provide services rather than tangible goods. This sector is significant for employment creation and contributions to the Gross Domestic Product (GDP).
Service workers are employees who work in the service sector of the economy, representing a rapidly growing employment category as manufacturing jobs decline in the United States. These workers are often the least represented by unions.
