What is the distinction between quaternary and quinary economic activities?

What is the distinction between quaternary and quinary economic activities?

Economic activity in the hypothetical quaternary sector comprises information- and knowledge-based services, while quinary services include industries related to human services and hospitality. Economic theories divide economic sectors further into economic industries.

What is a quinary economy?

The quinary sector of industry is the sector of industry suggested by some economists as comprising health, education, culture, research, police, fire service, and other government industries not intended to make a profit. These industries are more often included in the tertiary or quaternary sectors.

What does Quaternary mean in economy?

The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge-based economy. Other definitions describe the quaternary sector as pure services. This may consist of the entertainment industry, to describe media, culture, and government.

What is the difference between quaternary and tertiary sector?

Service / ‘tertiary’ sector – concerned with offering intangible goods and services to consumers. This includes retail, tourism, banking, entertainment and I.T. services. Quaternary sector (knowledge economy, education, research and development)

Which industry is considered quaternary?

The quaternary sector consists of those industries providing information services, such as computing, ICT (information and communication technologies), consultancy (offering advice to businesses) and R&D (research, particularly in scientific fields).

Why is quinary sector important?

Quinary activities Their importance in the structure of advanced economies far outweighs their numbers. The highest level of decision-makers or policymakers performs quinary activities. Quinary = Gold collar professions.

What is a quaternary sector example?

Examples of quaternary industry or sector Some industries in the quaternary sector are consultancy, financial planning, designing, information technologies, research and development (R&D) and generation of information.

What is quaternary sector example?

What are examples of quaternary?

What are examples of quaternary jobs?

Programmers, IT specialists, technology developers, information sharing experts, and even professional bloggers are part of the national quaternary industry. This sector would also include digital stockbrokers, financial planners, designers, and educators.

Is Google a quaternary sector?

Quaternary Sector: The generation and sharing of hi-tech knowledge e.g. medical research, Google glasses development or web page design.

Which belongs to quaternary sector?