Term:
Services, personal
Definition:
Personal services provide final consumption for households and are characterised by direct contact between the consumer and the service provider. Self-servicing is often a viable alternative to market purchases and market provision predominates.
Personal services comprise the following International Standard Industrial Classification (ISIC) Rev. 3 sub-groups:
-hotels, bars and restaurants;
- recreation, amusements and cultural services;
- domestic services;
- other personal services
Domain:
Industry
Source:
OECD Glossary