Quaternary 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.
Quinary Sector
Some consider there to be a branch of the quaternary sector called the quinary sector, which
includes the highest levels of decision making in a society or economy. This sector would
include the top executives or officials in such fields as government, science, universities,
nonprofit, healthcare, culture, and the media.
An Australian source relates that the quinary sector in Australia refers to domestic activities such
as those performed by stay-at-home parents or homemakers. These activities are typically not
measured by monetary amounts but it is important to recognize these activities in contribution to
the economy.
http://geography.about.com/od/urbaneconomicgeography/a/sectorseconomy.htm
Quaternary:
The Quaternary sector of Economic Activity includes the person who is relied on by the
people associated with the tertiary sector. The Quaternary Sector also includes the professional in
charge of a certain department or section of something. Examples of someone with a job
associated with the Quaternary sector of economic activity could be a manager of a store, a
principal of a school, or a supervisor for a business or region.
Quinary:
The Quinary sector is the last economic activity which involves the highest levels of decision
making in a society or economy. Having a quinary economic activity means you are the top boss
and oversee everything. Examples of this would be the President.
https://bashapedia.pbworks.com/w/page/13960414/Economic%20Activity
http://dstevenwhite.com/wp-content/uploads/2010/06/stages1.jpg
The QUATERNARY economic sector is said to be that of intellectual organization in a society
such as government, research, cultural programs, Information Technology (IT), education and
libraries. The quinary sector is thought to be related to the quaternary sector, but includes only
the senior management levels. Top management in non-profit organizations, media, arts, culture,
higher education, science and technology and government are all included in the quaternary
economic sector.
The quaternary sector of the economy is a way to describe a knowledge-based part of the
economy which typically includes services such as information generation and sharing,
information technology, consultation, education, research and development, financial planning,
and other knowledge-based services. The term has been used to describe media, culture, and
government. The term is a further delineation of the three-sector hypothesis of industry in the
sense that the quaternary sector refers to a part of the third or tertiary sector along with the
quinary economic sector. It has been argued that intellectual services are distinct enough to
warrant a separate sector and not be considered merely as a part of the tertiary sector. This sector
evolves in well developed countries and requires a highly educated workforce.
In the quaternary sector, companies invest to ensure further expansion. It is seen as a way to
generate higher margins or returns on investment. Research will be directed into cutting costs,
tapping into markets, producing innovative ideas, new production methods and methods of
manufacture, amongst others. To many industries, such as the pharmaceutical industry, the sector
is the most valuable because it creates future branded products from which the company will
profit.
According to some definitions, the quaternary sector includes other pure services, such as the
entertainment industry.
The quaternary sector consists of those industries providing information services, such as
computing and ICT (information and communication technologies), consultancy (offering advice
to businesses) and R&D (research, particularly in scientific fields).
The quaternary sector is sometimes included with the tertiary sector, as they are both service
sectors. Between them, the tertiary and quaternary sectors are the largest part of the UK
economy, employing 76% of the workforce.
The quinary sector of the economy is defined by some to encompass health, culture, and
research.
The main categories of industry today include the primary, secondary and tertiary sectors. The
quinary sector could be seen as a further division of the tertiary sector, which is a part of the
economy that provides services. The quinary sector could be understood as a key area in which
work is desirable and sought after by many of the middle classes, who often require formal study
and education to work in this sector. Additionally where work in the manufacturing sector may
once have been highly respectable and desirable, the globalized world of today with the
outsourcing of manufacturing jobs has devalued the primary sector's symbolic importance or
power. Affluent nations like to be seen as those that undertake research and provide services, and
to this degree manufacturing is relatively hidden from plain view and everyday consciousness of
the middle classes. The quinary sector is therefore one of symbolic and intellectual power as
well.