What does quaternary sector of the economy mean?
Definitions for quaternary sector of the economy
qua·ter·na·ry sec·tor of the econ·o·my
This dictionary definitions page includes all the possible meanings, example usage and translations of the word quaternary sector of the economy.
Wikipedia
Quaternary sector of the economy
The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge-based economy. This consists of information technology; media; research and development; information-based services such as information-generation and information-sharing; and knowledge-based services such as consultation, education, financial planning, blogging, and designing. Other definitions describe the quaternary sector as pure services. This may consist of the entertainment industry, to describe media, culture, and government. This may be classified into an additional quinary sector. The term reflects the analysis of the three-sector model of the economy, in which the primary sector produces raw materials used by the secondary sector to produce goods, which are then distributed to consumers by the tertiary sector. Contrary to this implied sequence, however, the quaternary sector does not process the output of the tertiary sector. It has only limited and indirect connections to the industrial economy characterized by the three-sector model. In a modern economy, the generation, analysis and dissemination of information is important enough to warrant a separate sector instead of being a part of the tertiary sector. This sector evolves in well-developed countries where the primary and secondary sectors are a minority of the economy, and requires a highly educated workforce.The tertiary and quaternary sectors form the largest part of the UK economy, employing 76% of the workforce.
Numerology
Chaldean Numerology
The numerical value of quaternary sector of the economy in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of quaternary sector of the economy in Pythagorean Numerology is: 4
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"quaternary sector of the economy." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/quaternary+sector+of+the+economy>.
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