Editing Quaternary sector of the economy

{{Short description|Sector of an economy based on knowledge and skill}}
{{Economic sectors}}
The '''quaternary sector of the economy''' is based upon the economic activity that is associated with either the intellectual or [[knowledge-based economy]].<ref>{{cite web
 |url= https://www.economicactivity.org/2017/07/quaternary-sector.html
 |website= Quaternary sector: definition, background, examples
 |title= Economic Activity
 |date= 6 July 2017
 |access-date= 2021-04-06
 |archive-date= 2021-03-02
 |archive-url= https://web.archive.org/web/20210302234840/https://www.economicactivity.org/2017/07/quaternary-sector.html
 |url-status= live
 }}</ref> This consists of [[information technology]]; [[mass media|media]]; [[research and development]]; information-based services such as [[information]]-generation and information-sharing; and knowledge-based services such as [[Consultant|consultation]], [[entertainment]], [[broadcasting]], [[mass media]], [[telecommunication]], [[education]],  [[information technology]],  [[financial planning]], [[blogging]],  and [[designing]].<ref name=twsJun17e>
{{cite news
 |author= Peter Busch
 |title= Tacit Knowledge in Organizational Learning
 |publisher= Tacit Knowledge in Organizational Learning
}}</ref>
Other definitions describe the quaternary sector as pure services.<ref>{{cite web
 |title= Economic Development
 |url= https://economicsectordevelopment.weebly.com/quaternary-sector.html
 |website= Economic Development
 |publisher= Weebly
 |access-date= 2021-04-06
 |archive-date= 2023-05-10
 |archive-url= https://web.archive.org/web/20230510181218/https://economicsectordevelopment.weebly.com/quaternary-sector.html
 |url-status= live
 }}</ref> This may consist of the [[entertainment industry]], to describe [[mass media|media]] and [[culture]], and [[government]]. This may be classified into an additional quinary sector.

The term reflects the analysis of the [[three-sector model]] of the economy, in which the primary sector produces raw materials used by the secondary sector to produce goods, which are then distributed to consumers by the tertiary sector.

Contrary to this implied sequence, however, the quaternary sector does not process the output of the tertiary sector. It has only limited and indirect connections to the [[industrial economy]] characterized by the three-sector model. 

In a modern economy, the generation, analysis and dissemination of information is important enough to warrant a separate sector instead of being a part of the tertiary sector. This sector evolves in well-developed countries where the primary and secondary sectors are a minority of the economy, and requires a highly educated workforce.<ref name=twsJun17d>
{{cite news
 |title = ICTs, industry and the new teacher model
 |publisher= Asian Correspondent
 |quote= In Australia, the service sector accounts for 70 per cent of the country's economic activity. Within the service sector, however, more intellectual activities such as government, education, culture and media, can be further defined as the 'quaternary' sector of the economy. These activities are typically not measured in monetary value but they significantly contribute to the economy. 
 |date= 2010-06-17
 |url= http://us.asiancorrespondent.com/QUT/icts-industry-and-the-new-teacher-model 
 |archive-url= https://web.archive.org/web/20120730183257/http://asiancorrespondent.com/30277/icts-industry-and-the-new-teacher-model/|archive-date=July 30, 2012
 |url-status= dead
 |access-date= 2015-09-09
}}</ref>

For example, the tertiary and quaternary sectors form the largest part of the [[economy of the United Kingdom|UK economy]], employing 76% of the workforce.

== See also ==
* [[Indigo Era]]

{{wiktionary|quaternary industry}}

* [[Economic_sector#:~:text=One classical breakdown of economic,work in the tertiary sector.|Economic Sector]]
* [[Economic sector#:~:text=One classical breakdown of economic,work in the tertiary sector.]]
* [[Outline of industry#:~:text=Industry sectors * Primary sector of the,Quinary sector of the economy (humanitarian services)]]



== References ==
{{reflist}}

{{Industries}}

[[Category:Economic sectors|+4]]
[[Category:National accounts]]