Question

Define Quaternary activity.

Answer 1

Answer:

The quaternary sector is the label used to describe a knowledge-based part of the economy, which typically includes knowledge-oriented economic sectors such as information technology; media; research and development; information-based services such as information-generation and information-sharing.

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Answer 2

Quaternary Activities:

▪ These are specialized tertiary activities in the ‘Knowledge Sector’ which demands a separate classification.

▪ The quaternary sector is the intellectual aspect of the economy. It is the process which enables entrepreneurs to innovate and improve the quality of services offered in the economy.

▪ Personnel working in office buildings, elementary schools and university classrooms,hospitals and doctors’ offices, theatres, accounting and brokerage firms all belong to this category of services.

▪ Like other tertiary functions, quaternary activities can also be outsourced.