Modern Services: Terminological Considerations and the Characteristic Features of Their Role in Socio-Economic Development

Abstract

Services, the staple of the modern economy, are subject to constant changes. These changes are contingent on economic processes that are the result of, inter alia, technological progress, intensifying globalisation processes and growing competitiveness. Increasingly important are specialised services, where staff with high qualifications are employed. Such services include dynamically developing knowledge-based ones. Their growth has been fostered by the increasing demand for modern services in the era of the development of a knowledge-based economy.

Keywords

• eu
• factors of socio-economic development
• modern services
• services