Quaternary Sector

The quaternary sector of the economy consists of intellectual activities. Activities associated with this sector include government, culture, libraries, scientific research, education, and information technology.

Quinary Sector

Some consider there to be a branch of the quaternary sector called the quinary sector, which includes the highest levels of decision making in a society or economy. This sector would include the top executives or officials in such fields as government, science, universities, nonprofit, healthcare, culture, and the media.

An Australian source relates that the quinary sector in Australia refers to domestic activities such as those performed by stay-at-home parents or homemakers. These activities are typically not measured by monetary amounts but it is important to recognize these activities in contribution to the economy. http://geography.about.com/od/urbaneconomicgeography/a/sectorseconomy.htm

Quaternary:

The Quaternary sector of Economic Activity includes the person who is relied on by the people associated with the tertiary sector. The Quaternary Sector also includes the professional in charge of a certain department or section of something. Examples of someone with a job associated with the Quaternary sector of economic activity could be a manager of a store, a principal of a school, or a supervisor for a business or region.

Quinary:

The Quinary sector is the last economic activity which involves the highest levels of decision making in a society or economy. Having a quinary economic activity means you are the top boss and oversee everything. Examples of this would be the President. https://bashapedia.pbworks.com/w/page/13960414/Economic%20Activity http://dstevenwhite.com/wp-content/uploads/2010/06/stages1.jpg

The QUATERNARY economic sector is said to be that of intellectual organization in a society such as government, research, cultural programs, Information Technology (IT), education and libraries. The quinary sector is thought to be related to the quaternary sector, but includes only the senior management levels. Top management in non-profit organizations, media, arts, culture, higher education, science and technology and government are all included in the quaternary economic sector.

The quaternary sector of the economy is a way to describe a knowledge-based part of the economy which typically includes services such as information generation and sharing, information technology, consultation, education, research and development, financial planning, and other knowledge-based services. The term has been used to describe media, culture, and government. The term is a further delineation of the three-sector hypothesis of industry in the sense that the quaternary sector refers to a part of the third or tertiary sector along with the quinary economic sector. It has been argued that intellectual services are distinct enough to warrant a separate sector and not be considered merely as a part of the tertiary sector. This sector evolves in well developed countries and requires a highly educated workforce.

In the quaternary sector, companies invest to ensure further expansion. It is seen as a way to generate higher margins or returns on investment. Research will be directed into cutting costs, tapping into markets, producing innovative ideas, new production methods and methods of manufacture, amongst others. To many industries, such as the pharmaceutical industry, the sector is the most valuable because it creates future branded products from which the company will profit.

According to some definitions, the quaternary sector includes other pure services, such as the entertainment industry. The quaternary sector consists of those industries providing information services, such as computing and ICT (information and communication technologies), consultancy (offering advice to businesses) and R&D (research, particularly in scientific fields).

The quaternary sector is sometimes included with the tertiary sector, as they are both service sectors. Between them, the tertiary and quaternary sectors are the largest part of the UK economy, employing 76% of the workforce.

The quinary sector of the economy is defined by some to encompass health, culture, and research.

The main categories of industry today include the primary, secondary and tertiary sectors. The quinary sector could be seen as a further division of the tertiary sector, which is a part of the economy that provides services. The quinary sector could be understood as a key area in which work is desirable and sought after by many of the middle classes, who often require formal study and education to work in this sector. Additionally where work in the manufacturing sector may once have been highly respectable and desirable, the globalized world of today with the outsourcing of manufacturing jobs has devalued the primary sector's symbolic importance or power. Affluent nations like to be seen as those that undertake research and provide services, and to this degree manufacturing is relatively hidden from plain view and everyday consciousness of the middle classes. The quinary sector is therefore one of symbolic and intellectual power as well.