What Are Primary, Secondary, Tertiary, Quaternary, And Quinary
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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 ... Modernintegratedeconomiesrequireamixofdifferentsectorsfilledwithuniquepeople,eachwiththeirownvitaltaskstoperform. 5.PrimarySector Thissectorisrelatedtotheproductionandretrievalofrawmaterialssuchascoal,iron,andwood.TheproductsareharvestedorextractedfromtheEarthandincludetheproductionofbasicfooditems.TheactivitiesofthePrimarySectorincludemining,fishing,andagriculture,whichincludesbothsubsistenceandcommercial,grazing,hunting,farming,andquarrying.Inmostofthedevelopedcountriesandthedevelopingone’s,theworkersarereadilyengagedinthissector,andtheyareknownasthered-collarworkers.Itinvolvesbothrenewableandnon-renewableresourcesinthePrimaryIndustry.However,intherecentyears,ithasbeenseenthatduetotheintroductionoftechnologyinthissector,ithasshownadecline. 4.SecondaryIndustries SecondaryIndustriesinvolvesthetransformationoftherawmaterialintothefinishedormanufacturedgoods.Thissectorhasdevelopedbecauseofthedemandformoregoodsandservices,anditalsohelpsintheindustrializationprocess.InthedevelopedcountryliketheU.S.A.,nearly20%oftheworkforceisinvolvedinthissector,andtheyareknownastheblue-collarworkers.Theexamplesofvariousindustriesarerawwool,whichiswovenintobetterqualitywoolandwoolenclothing,woodisconvertedintofurniture,textilesintovariousclothesandsteelismadeintocars,aerospacemanufacturing,shipbuildingandmuchmorelikeindustriesarerelatedtoit. 3.TertiaryActivities TheTertiarySectorisactuallytheservicesector,whichinvolvesthegivingawaydirectservicestoitsconsumers.Itsuppliesservicestotheimmediateconsumersandthebusinesshousesanditincludesservicesrelatedtoretail,transportation,hotels,salesandmuchmore.Itisseenthatnearly80%oftheworkersarerelatedtothisindustryinsourcingoutthebestservicesandhasevenimprovedtheincomestandards.Thisalsohelpsinspendingontheluxuryitemsandtourismindustrytoo.Peoplewhoareservinginthissectoraregenerallythewhite-collarjobholdersandinvolvecommunicationfromthedistantplacestoo. 2.QuaternaryEconomy TheQuaternarysectorisanimprovedformoftertiarysectorasitinvolvestheservicesrelatedtotheknowledgesector,whichincludesthedemandfortheinformation-basedservicesliketakingtheconsultancyfromtaxmanagers,statisticiansandsoftwaredevelopers.Theservicesinvolvedinthistypeofeconomyareoutsourcedinvariedformsasthedoctor’services,elementaryschoolsanduniversityclassrooms,theaters,andbrokeragefirms.Italsoincludesintellectualactivitiesandservicesasresearchanddevelopment(R&D),media,culture,andinformationandcommunicationstechnology(ICT).Theworkforcewhoisreadilyinvolvedinthissectoristypicallywell-educated,andpeopleareoftenseenearningwellthroughtheirparticipationinthisindustry. 1.QuinarySector Theprofessionsofthepeopleworkinginthisindustryaregenerallyreferredtoas"goldcollar"professionssincetheservicesincludedinthesectorfocusoninterpretationofexistingorthenewideas,evaluationofnewtechnologies,andthecreationofservices.Itisalsooneofthepartsofthetertiarysector,butitinvolveshighlypaidprofessionals,researchscientists,andgovernmentofficials.Thepeoplearedesignatedwithhighpositionsandpowers,andthosewhomakeimportantdecisionsthatareespeciallyfar-reachingintheworldaroundthemoftenbelongtothiscategory. Share KhushbooShethApril252017inEconomics Home Economics WhatArePrimary,Secondary,Tertiary,Quaternary,AndQuinaryIndustries? Related WhatAreTheDifferencesBetweenPrimaryAndSecondaryForests? WhatAreTheDifferencesBetweenPrimaryAndSecondaryPollutants? MoreinEconomics The15RichestCountriesInTheWorld IndustrialRevolution WhatIsADevelopingCountry? CurrenciesOfTheWorld TopMilk-ProducingUSStates ThePoorestStatesInMexico TheWorld’sLargestOilReservesByCountry TheTopCocoa-ProducingCountries
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