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The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge-based economy. [1] This consists of information technology; media; research and development; information-based services such as information-generation and information-sharing; and knowledge-based services such as consultation, entertainment, broadcasting, mass ...
Economic activity in the hypothetical quaternary sector comprises information- and knowledge-based services, while quinary services include industries related to human services and hospitality. [ 2 ] Economic theories divide economic sectors further into economic industries .
Three sectors according to Fourastié Clark's sector model This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors.
Quaternary sector – the part of the economy that produces knowledge-based services. [5] [6] Information industry – Information generation and sharing – Information technology – Consulting services – Education – Research and development – Financial planning services –
Clark's sector model of an economy undergoing technological change. In later stages, the Quaternary sector of the economy grows. During a visit to Australia and New Zealand in 1937 and 1938 he accepted a position with the Queensland Government at the invitation of the premier Forgan Smith . [ 4 ]
Colin Clark's sector model of an economy undergoing technological change. In later stages, the Quaternary sector of the economy grows. One of the first people to develop the concept of the information society was the economist Fritz Machlup. In 1933, Fritz Machlup began studying the effect of patents on research.
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Three-sector model; Primary sector (raw materials) Secondary sector (manufacturing) Tertiary sector (services) Additional sectors; Quaternary sector (information services) Quinary sector (human services) Theorists; AGB Fisher; Colin Clark; Jean Fourastié; Sectors by ownership; Business sector; Private sector; Public sector; Voluntary sector