ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Quinary industries include government organizations, public services, healthcare, and education. It also includes the government individuals who are responsible for the highest levels of decision-making in a society.

Detailed explanation-2: -The Quinary sector is the segment of the economy that makes the highest-level decisions. This includes the government, which is in charge of enacting legislation. It also includes the most powerful decision-makers in industry, trade, and education.

Detailed explanation-3: -The quinary sector represents the highest level of decision-makers who establish policy guidelines in policymaking. In contrast, the quaternary sector is part of the tertiary sector of the economy, which is knowledge-based. The quinary sector does not allow for the entire outsourcing of services.

Detailed explanation-4: -Quinary sector Sometimes referred to as ‘gold collar’ professions, they include special and highly paid skills of senior business executives, government officials, research scientists, financial and legal consultants, etc. The highest level of decision makers or policy makers perform quinary activities.