The Quaternary sector of the economy is sometimes thought of as an extension of the tertiary sector. It in a way involves services but, these are services that have to do with information or technology
In modern econo- mies like that of the United States, many people work at jobs that focus on the acquisition, pro- cessing, and sharing of information. Examples of
Commercial Farming
Economic Activities
Commercial farms in the
United States yield vast amounts of grain. Much of the grain is turned into flour, which is then used to make breads, breakfast cereals, and other products.
Human-Environment
Interaction When workers use flour to make breakfasf cereals, are they engagIng in a primary or secondary economic activ- ity? Explain.
such quaternary economic activities include education, government, information processing, and research.
Quaternary economic activities do not need to be located near resources or a market. Because of advanced communication technology, they can be located almost anywhere. However, infor- mation activities do tend to be clustered in re- gions that have high concentrations of highly educated workers and excellent communication networks. The rapid growth of the internet has highlighted the increasingly important role of information in modern, market economies.
Any activity dealing with the transfer of information.
-Government
-Education
-Communication Companies(cell phone)
this deals with decision making and planing
e.g. government
The quaternary sector of the economy is a way to describe a knowledge-based part of the economy which typically includes services such as informationgeneration and sharing, information technology, consultation, education, research and development, financial planning, and other knowledge-based services.
It's the IT Sector.
The quaternary sector of the economy consists of intellectual activities. Activities associated with this sector include government, culture, libraries, scientific research, education, and information technology.It is sometimes mixed with tertiary sector, but some say it is distinct enough to stand alone.
Secondary sector the economy relates to?
what are the function of the service sector of the economy
The quaternary sector of the economy is a way to describe a knowledge-based part of the economy which typically includes services such as informationgeneration and sharing, information technology, consultation, education, research and development, financial planning, and other knowledge-based services.
It's the IT Sector.
The quaternary sector of the economy consists of intellectual activities. Activities associated with this sector include government, culture, libraries, scientific research, education, and information technology.It is sometimes mixed with tertiary sector, but some say it is distinct enough to stand alone.
Sector with jobs involved in hi-tech research like: ICT, scientific research,
what are the function of the service sector of the economy
Secondary sector the economy relates to?
The relevance of the private sector in the economy is to supplement the government. The private sector helps grow the economy by creating job opportunities in a given economy.
Secondary Sector as it makes goods
1) PRIMARY SECTOR OF THE ECONOMY: Involves the extraction and production of raw materials, such as corn, coal, wood and iron. (A coal miner and a fisherman would be workers in the primary sector.) 2) SECONDARY SECTOR OF THE ECONOMY: Involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing. ( A builder and a dressmaker would be workers in the secondary sector.) 3) TERTIARY SECTOR OF THE ECONOMY: Involves the provision of services to consumers and businesses, such as baby-sitting, cinema and banking. ( A shopkeeper and an accountant would be workers in the tertiary sector.) 4) QUATERNARY SECTOR OF THE ECONOMY: Involves the research and development needed to produce products from Natural Resources. ( A logging company might research ways to use partially burnt wood to be processed so that the undamaged portions of it can be made into pulp for paper.) Note that education is sometimes included in this sector.
Nominal Sector or Monetary Sector
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The tertiary sector of the economy of the United States is the service sector. The jobs include the hospitality industry and all the related fields.