Quaternary sector of the economy

Quaternary sector of the economy

In other words, the recent dominant pattern of structural development in the twentieth century is characterized by the steady increase in knowledge-based information and services. [1] [2] [3] The term has been used to describe media, culture, and government. The primary sector is sometimes known as the extraction sector – because it involves taking raw materials. It has been argued that intellectual services are sufficiently distinct to justify a separate sector and not be considered merely as a part of the tertiary sector.

The general logic behind this process is the information society, or the knowledge-based economy. Leo Sun Initially, only the richest countries will have a high proportion of their population working in the quaternary sector, and the poorest countries will have the majority of their population working in the tertiary sector (as opposed to the current model where rich countries Are concentrated in the tertiary sector, and the least developed countries in the first two sectors). This sector evolves in well-developed countries and requires a highly educated workforce. when businesses are involved in similar types of production. It is sometimes called the knowledge economy. It has unique opportunities to manage chronic diseases, alleviate social pressures and educate patients. By using this website or by closing this dialog you agree with the conditions described The growth and location of tertiary and quaternary activities The theory of the three sectors postulates that all types of economic activity can be classified in one of the three economic sectors: extraction of raw materials (primary sector), manufacturing (secondary sector) and services (tertiary sector). This creates a distinction between services that are knowledge-intensive such as information technology and those that are knowledge-light such as the restaurant industry. The UK, for example, provide a significant quantity of work opportunities in this sector. Therefore, the quaternary sector is the complementary factor of production and poses general perspectives for business discovery and productivity growth. This development will be done in steps, as has been done for the first two transitions. This sector includes top executives or officials in such fields as Therefore, due to the large number of elderly people, the demand for services, including pension, social insurance and health insurance increases. But in the future, if the technology is so developed that even the search for information is automated and requires a minimum involvement of human beings, then the only people who will be able to create value will be the ones who can make decisions. According to the three-sector theory, all economic activity can be classified into one of three sectors: the primary sector, the secondary sector, and the tertiary sector. The quaternary sector of the economy is one way of describing a part of the knowledge-based economy that normally includes services such as generation and exchange of information, information technology, consultation, education, research and development , Financial planning and other knowledge-based services. Some examples of someone with a job associated with the quaternary sector of economic activity might be a store manager, a school principal, or a regional business supervisor. The quaternary sector of the economy is one way of describing a part of the knowledge-based economy that normally includes services such as generation and exchange of information, information technology, consultation, education, research and development , Financial planning and other knowledge-based services. Ryan May Every page goes through ✪ Tertiary and Quaternary Activities - Chapter 7 Geography NCERT Class 12✪ NCERT Class 10 Economics Chapter 2: Sectors of Indian Economy (Examrace - Dr. Manishika)✪ International Trade - Chapter 9 Geography NCERT Class 12The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple.



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Quaternary sector of the economy 2020