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Young dynamic service enterprises – gazelles – represent the modern economy phenomenon, which stimulates the growth by its operation, in particular of local economy. This article identifies the position of gazelles in services and defines their characteristic features with regard to knowledge intensity of their production. Research results document the dominant representation of gazelles in services within the framework of their sectoral distribution and their growing economic effects in the Slovak Republic. Knowledge intensity of production is determinant of gazelle innovativeness in services, and the result is supported by knowledge of higher intensity perception of innovation effects in a knowledge-intensive production of services.