ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Consultancy, financial planning, designing, information technology, research and development (R&D), and information generating are some of the quaternary sectors. The entertainment business, media, culture, and government are included in specific interpretations of this term.

Detailed explanation-2: -Quaternary activities refer to the research and development activities which require advanced technical and competence skills and knowledge. These activities involve the collection, production and dissemination of information.

Detailed explanation-3: -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.

Detailed explanation-4: -The quaternary sector includes intellectual services like innovation and technological advancements. Quaternary sector comprises all research and development activities that result in process improvements, such as in manufacturing. This sector emerged a few years ago as an additional tertiary sector distinction.