The closely knit and dependent environment and the world that we live in demands a constant flow of change, evolution and it always is hungry for a bit more every time you assess it. Whenever a new element has been introduced to the market, since the time of its inception, it goes through a constant demand to improve in all spheres possible. Such is the demand and dynamics of the market.

When looked at the world of commodities from a bird’s eye point of view, the world in there has changed through lengths and breadths of its meaning. Evolved it has in the broadest sense of the meaning of the word. From having a singular existence in the world between a consumer and manufacturer, a commodity now has a partner in existence. Service by definition has become a commodity in itself that accentuates the overall dependability of the product it associates itself with.

Tracing back the history of the word and how it became a household term used in daily lives, it once was considered not necessary to have service attached to a product or a commodity as a whole as the economy was functioning on a use and throw agenda, as was the trend of the decades. It was a common idea that if one had to invest in a product and if by any chance the commodity happens to show a fault, it would be deemed something that needs to discard. With the accession of modern day technology and the techniques that came with it, such is not the case.

It is not known in specific measure and to where, how and where the term service was coined and how it got the meaning we know it as. Experts believe that a global demand for something to accompany the wide market of the commodity was massive. This demand gave way to the inception of services as we know it to be today.
In visible recorded history, it’s only in the latter part of the previous century that conglomerates accepted and majorly welcomed the idea of attaching services to their products. The US economy accepted the inclusion with much pomp and glory, taking each industry that took services under its wings to new heights of profit and overall success.

Having made a place for itself in the market, service got a new identity of its own from being an accessory attached to products.

The word service, in a broader sense of meaning, has been known to be served as an accompaniment to a product which one purchases in one of the supermarkets or branded shops. There was a point in time when services were not deemed with as much importance as they are seen today. Services which today are a guarantee of the brand of the commodity carries, used to be an unnecessary market tactic added by a shop to attract witty customers who had an idea what service really meant. Today, a product without service is a product not worth putting on the shelves. So, what does service really mean when seen in the modern light?

“Service” is one of those words that does not have a water tight definition, the meaning of this word has a broader spectrum wherein it can mean anything above and beyond what the usual meaning entails. Having presented itself to the market decades before, service finally has come to the point when it is being known for its worth. A service can be anything which aids customers in smooth functioning of their lives. Once considered as separate element in economics, today service is categorized as a commodity which is given to willing customers in return of a specific amount that was worth the job done. Such was not always the case with businesses specializing in service. Pricing for a specific service had no ulterior importance as it was never considered as a commodity which can physically be used. Many even thought that the work done through service is something any person can partake with a guide book and a tools box, hence the market was not, in those times, a healthy space to grow a service firm.

From a different perspective, service can be an additional benefit one receives when a new appliance or similar commodity is purchased. This kind of service can either be complimentary or something which can be bought. This service may also be provided for no cost, through a period of time and be chargeable when the free period ends. With the wide spread knowledge that the servicing platform provides to the market, it has visibly become impossible to exist without them. The modern times have become a perfect incubation ground for new and young minds to work in union to create a market that has arrived to make a mark since forever.

It has been explained in due note by the economists and market analysts how service never was an acceptable component of business. There once existed an age when every and any commodities used to exist in a use-and-throw world, which roughly transcribes to the fact that once a product has any defects or faults in functioning, it was deemed rather easy to throw that off and buy a new one, than spending time, money, and energy to get a specialist to fix it. With the market and trend around us changing, owing to the modern generation, such is no longer the motif of thinking. In the recent decades, consumers have had the pleasure of observing products with the help of accompanied services survive wear and tear for years, exceeding the expected life term estimated by manufacturers.