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Business services: Markets and transactions

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Abstract

Tertiary activities and among them business services represent an increasingly dominant share of GDP. The main purpose of this paper is to show that the concepts and theories which have been developed mainly with reference to industrial, essentially material, activities are not relevant for service, dominantly non-material, activities, more particularly for informational business services. These-the way they operate, the relations between the actors, the processes through which values are created and prices are determined...-are substantially different, and would thus seem to require substantially, or even radically different approaches and theories.

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De Bandt, J. Business services: Markets and transactions. Rev Ind Organ 11, 19–33 (1996). https://doi.org/10.1007/BF00163595

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