GENERAL KNOWLEDGE

Detailed explanation-1: -Businesses in the quaternary sector are involved in intellectual, knowledge-based activities that generate and share information. Activities associated with this sector include information communication technology (ICT), research and development (R&D), consultancy services and scientific research.

Detailed explanation-2: -Other definitions describe the quaternary sector as pure services. This may consist of the entertainment industry, to describe media, culture, and government. This may be classified into an additional quinary sector.

Detailed explanation-3: -Examples of quaternary industry or sector: Financial planning, information generation, consultancy, information technologies, designing, and research and development are some industries in the quaternary sector.

Detailed explanation-4: -Quinary vs Quaternary Activities 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.

Detailed explanation-5: -The quaternary sector is defined as the industry based on human knowledge which involves technology, information, financial planning, research, and development.