GENERAL KNOWLEDGE

Detailed explanation-1: -The quaternary sector is defined as the industry based on human knowledge which involves technology, information, financial planning, research, and development.

Detailed explanation-2: -There are certain types of work that require exceptional skills and knowledge. Hence, these occupations based upon knowledge and skills are called Quaternary Occupations or Skill Based Service Occupations. People working in Information Technology, Media, Science, Research and Development are in quaternary sector jobs.

Detailed explanation-3: -The quaternary sector is said to the intellectual aspect of the economy. It includes education, training, the development of technology, and research and development. It is the process which enables entrepreneurs to innovate better manufacturing processes and improve the quality of services offered in the economy.

Detailed explanation-4: -Personnel working in office buildings, elementary schools and university classrooms, hospitals and doctors’ offices, theatres, accounting and brokerage firms all belong to this category of services. Like some of the tertiary functions, quaternary activities can also be outsourced.