What is the meaning of quinary sector?

quinary sector (plural quinary sectors) (economics) The branch of a country’s economy where high-level decisions are made by top-level executives in government, industry, education, etc.

What is a quinary sector in AP Human Geography?

Quinary Sector. –Activities involve facilitating complex decision making and the advancement of human capacities. -Includes business executives, government officials, research scientists, financial and legal consultants.

Why is there a quinary sector?

Quinary activities

Often referred to as ‘gold collar’ professions, they represent another subdivision of the tertiary sector representing special and highly paid skills of senior business executives, government officials, research scientists, financial and legal consultants, etc.

How do you define the quaternary sector?

The quaternary sector or quaternary industry is the economic activity based on the intellectual or knowledge-based economy. This involves work that conceives, creates, interprets, organizes, directs and transmits with the help and support of scientific and technical knowledge.

What is quinary and quaternary?

(i) Quaternary activities refer to those activities where the task is to think, research and develop ideas. (i) Quinary activities involve work related to administration. (ii) Confined to research, training and education. (ii) Confined to the highest-level decision taking and policy making.

Which of these is an example of a quinary economic activity?

The primary difference between quinary and quaternary is that quinary involves high-level thinking and policy-making based on a large quantity of research and data. Something like ecotourism, that combines environmental conservatism with the industry of tourism, is an example of a quinary economic activity.

What are quinary activities explain with example?

1. Quinary economic activities refer to the high level decision making processes by executives in industries,business, education, and government. 2. This sector include top executives or officials in the fields of science and technology, universities health care etc.

What are some quaternary jobs?

Quaternary Economy

The Quaternary sector is an improved form of tertiary sector as it involves the services related to the knowledge sector, which includes the demand for the information- based services like taking the consultancy from tax managers, statisticians and software developers.

What are some examples of quaternary jobs?

Programmers, IT specialists, technology developers, information sharing experts, and even professional bloggers are part of the national quaternary industry. This sector would also include digital stockbrokers, financial planners, designers, and educators.

Which of the following services are the example of quinary services?

  • Farming.
  • Trading.
  • Weaving.
  • Hunting.

Is Google a quaternary sector?

Quaternary Sector: The generation and sharing of hi-tech knowledge e.g. medical research, Google glasses development or web page design. When you finish school, college or university, what do you hope to do?

Why is quaternary sector important?

The Quaternary Industry plays a significant role to develop a country’s knowledge and scientific base. … The Quaternary Industry aims to provide people with an opportunity to reflect their specialised knowledge. It mostly occurs by experts who outsource their knowledge to schools, research or data centres.

How quaternary activities are knowledge-based?

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.

Is banking tertiary or quaternary?

Banking is included under service sector. The tertiary sector of the economy is the service sector. This sector provides services to the general population and to businesses.

What is the difference between tertiary and quaternary sector?

Service / ‘tertiary’ sector – concerned with offering intangible goods and services to consumers. This includes retail, tourism, banking, entertainment and I.T. services. Quaternary sector (knowledge economy, education, research and development)