Answer: A service is rented rather than owned means that a service is paid for a limited time period rather than paid for a lifetime.
Step-by-step explanation:
the sentence summarizes how the customer deals with a service being provided. For example, when a customer travels, they pay for a seat for the time period, starting from their pick-up point and ending at their destination. the customer does not own the service of a seat that is provided to him. If it is a bus, train, or airline, the customer pays for their service rather than owning a coach company, a train line or an airline.