1. A geographic area or region where the economy is primarily dependent on service industries rather than manufacturing or agriculture, including sectors such as finance, retail, healthcare, tourism, and information technology.
London is a major service-based economy region in Europe.
Londres é uma importante região de economia baseada em serviços na Europa.
2. An area characterized by high employment in tertiary and quaternary sectors with limited production of tangible goods.
Silicon Valley functions as a service-based economy region focused on technology and innovation.
Vale do Silício funciona como uma região de economia baseada em serviços focada em tecnologia e inovação.