Question

Distinguish between tertiary and quaternary activities

Answer 1

Tertiary sector is known as the 'services sector'. It is the economic segment which provides services and final end products to the consumers. As the economy becomes more and more developed it shifts from primary and secondary sector towards tertiary sector. However Tertiary activities include both production and exchange

For example trade, transport and communication facilities. Tertiary services are also known as white collar jobs.

Quaternary activities are specialized tertiary activities in the ‘Knowledge Sector’. There has been a very high growth in demand for and consumption of information based services. Quaternary activities include from tax consultants, software developers, elementary schools and university classrooms, hospitals, doctors offices, theaters etc. Quaternary activities can also be outsourced.

Answer 2

Answer:

• The tertiary sector is a component of the economy that delivers consumer services. Among the tertiary activities are: Teachers, physicians, attorneys, transportation services, and banks all fall within the tertiary sector since they offer services to the public. Production and trade of commodities and services are both included in tertiary services.

• The quaternary sector includes knowledge-based activity and individuals. Research and development, application of specialist knowledge, technical abilities, and administrative ability are all included.

Explanation:

Tertiary activities:-

• Tertiary services are offered at various stages, with some aimed only at industry, others at individuals, and a few at both.
• Teachers, musicians, medics, and attorneys all provide different services.
• When compared to developing nations, roughly 75% of individuals work in the service sector in industrialized countries.
• The tertiary sector is experiencing an increase in employment.

Quaternary activities:-

• It refers to economic activities such as software, sports, and recreation that deal with the management and processing of knowledge and information.
• For a nation's economic growth, the quaternary and tertiary employment have replaced the majority of primary and secondary employment.
• They are not resource-based, but rather market-based. Consumption of information-based services has increased dramatically in developed economies.

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