Angularjs difference between Services,Factories & Providers

Services

Syntax: module.service( 'serviceName', function ); 
Result: When declaring serviceName as an injectable argument you will be provided with an instance of the function. In other words new FunctionYouPassedToService().

Factories

Syntax: module.factory( 'factoryName', function ); 
Result: When declaring factoryName as an injectable argument you will be provided with the value that is returned by invoking the function reference passed to module.factory.

Providers

Syntax: module.provider( 'providerName', function ); 
Result: When declaring providerName as an injectable argument you will be provided with ProviderFunction().$get(). The constructor function is instantiated before the $get method is called - ProviderFunction is the function reference passed to module.provider.

Providers have the advantage that they can be configured during the module configuration phase.

See Example : http://jsbin.com/ohamub/1/edit