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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.
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 ...
In the 20th century, economists began to suggest that traditional tertiary services could be further distinguished from "quaternary" and quinary service sectors. Economic activity in the hypothetical quaternary sector comprises information- and knowledge-based services, while quinary services include industries related to human services and ...
Quinary (base 5 or pental [1] [2] [3]) is a numeral system with five as the base. A possible origination of a quinary system is that there are five digits on either hand . In the quinary place system, five numerals, from 0 to 4 , are used to represent any real number .
Quinary systems are based on the number 5. It is almost certain the quinary system developed from counting by fingers (five fingers per hand). [17] An example are the Epi languages of Vanuatu, where 5 is luna 'hand', 10 lua-luna 'two hand', 15 tolu-luna 'three hand', etc. 11 is then lua-luna tai 'two-hand one', and 17 tolu-luna lua 'three-hand ...
Economic activities can be classified in a variety of ways. At the top level, they are often classified according to the three-sector theory into sectors: primary (extraction and agriculture), secondary (manufacturing), and tertiary (services). Some authors add quaternary (knowledge) or even quinary (culture and research) sectors. Over time ...
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Manufacturing is an important activity in promoting economic growth and development. Nations that export manufactured products tend to generate higher marginal GDP growth, which supports higher incomes and therefore marginal tax revenue needed to fund such government expenditures as health care and infrastructure .