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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

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What is Quaternary Employment?

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.


Is quaternary sector growth?

It's the IT Sector.


What does quaternary production mean?

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.


Why quaternary sector is growing?

The quaternary sector is growing due to advancements in technology and digitalization, leading to an increased demand for knowledge-based services such as research and development, consultancy, and information technology. The globalization of industries and economies has also contributed to the growth of the quaternary sector as companies seek strategic information and innovative solutions to stay competitive in the market. Additionally, changing consumer preferences and the shift towards a knowledge-based economy have further fueled the expansion of the quaternary sector.


What is quaternary sector?

Sector with jobs involved in hi-tech research like: ICT, scientific research,


Secondary sector the economy relates to?

Secondary sector the economy relates to?


What are the functions of the service sector of economy?

what are the function of the service sector of the economy


What is quaternary economy?

The quaternary economy refers to a knowledge-based sector of the economy that focuses on research, development, and innovation. It involves industries that deal with information technology, education, research and development, and consulting services. This sector plays a crucial role in driving technological advancements and fostering economic growth.


What is the relevance of the private sector in an economy?

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.


What are the 4 sectors of economy?

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.


What is the opposite of real sector in an economy?

Nominal Sector or Monetary Sector


What is the definition of quaternary sector?

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