MANAGEMENT

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. Domestic-based services are also included in the quinary industry.

Detailed explanation-2: -Often referred to as ‘gold collar’ professions, they represent another subdivision of the tertiary sector representing special and highly paid skills of senior business executives, government officials, research scientists, financial and legal consultants, etc.

Detailed explanation-3: -Some economists say that the quinary sector of the industry includes health, education, culture, research, police, fire service, and other government-run businesses that are not intended to generate a profit.

Detailed explanation-4: -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.