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A product is a physical object that is made or extracted and then sold or otherwise transferred to someone else.

A service is an action performed by someone to help someone else. Usually the term refers to the process of having a specialist come into a home or workplace to provide a specific service such as to maintain or fix a piece of equipment, clean a floor, paint a wall, etc.

The primary value of a product is related in some fashion to the object being transferred. The primary value of a service is related to the activity and a transfer of ownership of a physical object is a minimal part of the activity.

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