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.[4]
The tertiary and quaternary sectors form the largest part of the UK economy, employing 76% of the workforce.
^ . Asian Correspondent. 2010-06-17. Archived from the original on July 30, 2012. Retrieved 2015-09-09. In Australia, the service sector accounts for 70 per cent of the country's economic activity. Within the service sector, however, more intellectual activities such as government, education, culture and media, can be further defined as the 'quaternary' sector of the economy. These activities are typically not measured in monetary value but they significantly contribute to the economy.
January 31, 2023
quaternary, sector, economy, quaternary, sector, economy, based, upon, economic, activity, that, associated, with, either, intellectual, knowledge, based, economy, this, consists, information, technology, media, research, development, information, based, servi. The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge based economy 1 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 2 Other definitions describe the quaternary sector as pure services 3 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 4 The tertiary and quaternary sectors form the largest part of the UK economy employing 76 of the workforce See also EditBullshit jobs Indigo Era Look up quaternary industry in Wiktionary the free dictionary References Edit Economic Activity Quaternary sector definition background examples Peter Busch Tacit Knowledge in Organizational Learning Tacit Knowledge in Organizational Learning Economic Development Economic Development Weebly ICTs industry and the new teacher model Asian Correspondent 2010 06 17 Archived from the original on July 30 2012 Retrieved 2015 09 09 In Australia the service sector accounts for 70 per cent of the country s economic activity Within the service sector however more intellectual activities such as government education culture and media can be further defined as the quaternary sector of the economy These activities are typically not measured in monetary value but they significantly contribute to the economy Retrieved from https en wikipedia org w index php title Quaternary sector of the economy amp oldid 1135775853, wikipedia, wiki, book, books, library,
