What is the quaternary sector of the economy?

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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 economy?

A Quaternary economic activity is an economy that doesn't have to be located near natural resources. Some examples are: Education, Government, Information Processing, and Research.

Uses of computer in the economy sector?

The computer is very important in a given economy sector because itis efficient and very accurate. A computer helps cut the costs in agiven economy by performing tasks in a high degree of efficiency.

Explain the role of financial intermediaries in the flow funds through the three sector economy?

In a three-sector economy consisting of business, households, and government, financial intermediaries such as commercial banks, mutual saving banks, insurance companies, mutual funds, pension funds, and credit unions provide the mechanism for reallocating funds from one surplus sector to a deficit ( Full Answer )

Project primary secondary tertiary sector of the Indian economy?

Updated By Koh Stone L Nonglait ( NONGSTOIN ) on 02-06-2013 Sectors of the Economy Primary, Secondary, Tertiary, Quaternary, and Quinary By Matt Rosenberg, About.com Guide . See More About: . economic geography . cultural geography . Ads Email from Google Mail.Google.com Stay safe ( Full Answer )

Emerging sectors of Indian economy?

the sectors which are going to see an upsurge in the coming decade are the energy sector, real estate sector, services sector, and the boifuel sector.

What are the two sectors model economy?

The two sector model consists of the: Household Sector: The household sector includes everyone in an economy who consumes goods and services. Business Sector: The business sector contains the private, profit-seeking firms in the economy that combine scarce resources into the production of wants ( Full Answer )

What are the 3 sector of your economy?

\nPrimary sector: producing raw materials (Ex: farming, fishing, ranching, mining, or clearing forests)\n. \nSecondary sector: transforming raw materials into finished products (Ex: factory workers turn wood into furniture, or steel into railroad tracks)\n. \nTertiary sector: service work (Ex ( Full Answer )

How does insurance sector help industry and economy?

Among the ways that insurance positively affects the economy and the industries that comprise it is by its fundamental namture. That is, an insurance policy, by its nature, "assumes the risk" of loss of fortuitous events. Stated otherwise, an insurance contract serves to indemnify the insured from t ( Full Answer )

Which is the fastest growing sector of the UK economy at the moment and why?

In fact there are three main types of sectors in the UK: 1. The primary sector (raw materialism) 2. The secondary sector > aka. the manufacturing sector (turns raw materials from the primary sector into goods) 3. Tertiary sector > aka the service sector (producing services > for example education) ( Full Answer )

In the economy the sectors are classified into public and private on the basis of?

The economy can be classified on the basis of ownership: Public sector: . It includes all those economic activities that are owned and managed by government agencies. . Major activities are social security services, managing national defenses and administering public transportations. Priv ( Full Answer )

What jobs belongs to the tertiary sector of the American economy?

Anything that is service related. Examples: teacher, doctor, lawyer, banker, baker, police officer, crossing guard, etc. Primary sector involves the extraction of natural resources directly. Examples: farmer, fisherman, lumberjack, miner, etc. Secondary sector involves the manufacturing of nat ( Full Answer )

Importance of tertiary sector in Indian economy?

The present importance of tertiary sector is the highest among all sector and may be understood as follows:India's economic output is represented by the primary sector(agriculture and mining), the secondary sector (manufacturing-organised and unorganised) and the tertiary sector(transportation, cons ( Full Answer )

What is a real sector in an economy?

Real Sector . The Real sector encompasses activities related to the aggregate supply and aggregate demand in an economy. . Data on this sector cover gross domestic and national product, consumption, savings, and capital formation. Demographic features of the population and labour force characteri ( Full Answer )

Significance of the service sector to Indian economy?

Service sector is the revenue earner in Indian economy. They work to ensure good quality service and satisfy foreign clients from all over the world who come back with newer projects . So more work opportunities and more money . More money means more growth of company and if such companies grow they ( Full Answer )

Contribution of real sector to an economy?

the business activity of financial intermediaries contributes to profits the economy bags as well as businesses in all other business related markets. these activities helps the economy to grow

Meaning of cooperative sector in Indian economy?

The cooperative sector can be defined as that sector of the economy carried out by cooperatives, defined by the International Cooperative Alliance as "autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owne ( Full Answer )

What are the 4 sectors of the 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 ( Full Answer )

Why is primary sector important to a country's economy?

The sector of an economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, and extraction of oil and gas. This is contrasted with the secondary sector, producing manufactures and other processed goods, and the tertiary sector, producing services. The pr ( Full Answer )

What is tertiary sector of the US economy?

The tertiary economic sector focuses on the distribution and servicing of finished products (from the secondary sector). Occupations include merchants, salesmen, and grocers.

What job belongs to the teritary sector of the us economy?

Just about every job that is not involved in manufacturing or mining or agriculture. Service jobs is your answer. people who provide services and goods to end users. This ranges from butcher, baker, to candle-stick maker. Taxi & truck drivers, teachers, entertainers, professionals of all sorts, fr ( Full Answer )

What is the role of primary sector in Indian economy?

The Primary sector of the economy is the change of natural resources into primary products, it is the first step followed by the secondary and tertiary sectors. Most products from this sector provides raw materials for other industries.

How are three sectors in the Indian economy interdependent?

SECTORS Primary Sector When the economic activity depends mainly on exploitation of natural resources then that activity comes under the primary sector. Agriculture and agriculture related activities are the primary sectors of economy. Secondary Sector When the main activity involves man ( Full Answer )

How do you count various goods and services and know the total production in each sector of economy?

as thousands of goods and services are produced, it is an enormoustask to add up all these . To get to this problem economistssuggested that the value of goods and sevices should be used ratherthan adding the actual numbers. But only one precaution is to beundertaken i.e., only the final value of th ( Full Answer )

What are four sectors of your economy?

four sectors of my economy is gas prices safety intelligence and peeing ok bye me peeps by the way this is wrong yeah yah

What is the importance of the agriculture sector in the economy?

Agriculture is important in the economy because it is the sector that produces food. Food is our basic need. Take Asians who eat rice, they are going to continue eating rice no matter how expensive it becomes. They're not going to stop consuming rice because its price is increasing. Our economic dec ( Full Answer )

Why is it that people with a different are unemployed in certain sectors of the economy and not in others?

advocacy groups for and against the policy and act have perform as part of regular procedure that the policy is unsettling , needless and discriminatory, on the other hand , while others ague forcefully that the amelioration of the past injustices justifies its implementation. Whichever side is on t ( Full Answer )

What sector of the economy is BP in?

I'll have to make a few assumptions here: A. BP is British Petroleum; B. BP drills for oil in Country ABC; and C. BP sells oil to Country XYZ. In this scenario the oil BP sells in ABC is listed as an export product. If specific to oil and not oil products or gas, then it's Oil under exports.

What is three-sector economy?

In a Three-sector economy ,along with the household sector& business sector there is government sector too.Because thegovernment can influence on the circular flow of income in 2ways.1.It collects taxes[=T] from households & firms,and2.itmakes various payments [=G] to household & businesssectors.Her ( Full Answer )

What is four-sector economy?

In modern world economic field is not a closed one.Each& every country engaged in foreign trade. Each country imports& export goods & services from other countries. So in afour- sector economy we consider about importing & exporting toalong with household sector,business sector,financial sector &gov ( Full Answer )

Would a large tertiary sector improve an economy?

Not necessarily, but it's common. Take for instance the United Kingdom: it began with a large primary sector, moved towards a large secondary sector and now has a large tertiary sector.. It definitely improves the national economy (GDP), but on an international level the question of competing econo ( Full Answer )

What was the result of direct foreign investments in the financial sectors of emerging economies in the 1990's?

The result of direct foriegn investments in the financial sectorsof emerging economies in the 1990's was that the majority of banksin such countries were primarily owned by foreign institutions. Asan example, the Demise of the Soviet Union brought on, in manyEastern European countries, the ownership ( Full Answer )