#Quaternary economic activity software

The jobs involving primary activities are called ‘red-collar’ jobs because the work is of outdoor nature. It also deals with the activities like agriculture, hunting, fishing, grazing, forestry, mining etc. This sector of the economy deals with the primary economic activities which depend on the utilization of natural resources from the earth like water, lands, trees, minerals and building materials. Tertiary activities are further classified into two categories namely: Starting from raw materials, they are classified on how far they go from the natural environment.Įconomic activities are classified in to three categories namely: Economic activities are nothing but human activities that generate income. Sectors of EconomyĮconomy can be classified into different sectors on the basis of the type of economic activity going on. In this article, we are going to learn about the sectors of Economy in view of both Preliminary and Mains Examinations.Įconomy can be defined as careful management of wealth and resources of a country, i.e., the activities involving production distribution, trade and consumption of goods and services, determining the resource allocation. The highest level of decision-makers or policymakers performs quinary activities.Sectors of Economy is an important topic that comes under the economics part of Paper IV of Civil Services Main Examination and is quite important for the Civil Services Preliminary Examination as well. Their importance in the structure of advanced economies far outweighs their numbers. 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. Quinary activities are services that focus on the creation, re-arrangement and interpretation of new and existing ideas data interpretation and the use and evaluation of new technologies. They are not tied to resources, affected by the environment, or necessarily localised by market. Like some of the tertiary functions, quaternary activities can also be outsourced. 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.

#Quaternary economic activity software

There has been a very high growth in demand for and consumption of information-based services from mutual fund managers to tax consultants, software developers and statisticians. Quaternary activities are specialized tertiary activities in the ‘Knowledge Sector’ which demands a separate classification. Exchange involves trade, transport and communication facilities that are used to overcome distance. The production involves the ‘provision’ of services that are ‘consumed. Tertiary activities include both production and exchange. People engaged in secondary activities are called blue-collar workers. Secondary activities add value to natural resources by transforming raw materials into valuable products. Secondary activities, therefore, are concerned with manufacturing, processing and construction (infrastructure) industries. People engaged in primary activities are called red-collar workers due to the outdoor nature of their work. It, thus includes hunting and gathering, pastoral activities, fishing, forestry, agriculture, and mining and quarrying.

Primary activities are directly dependent on the environment as these refer to utilisation of earth’s resources such as land, water, vegetation, building materials and minerals.