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Quaternary sector of industry
 
 
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The quaternary sector of the economy is an extension of the three-sector hypothesis
Three-sector hypothesis

File:2005gdpIndustrial.pngFile:2005gdpServices.pngThe three-sector hypothesis is an economics theory which divides economies into three sectors of activity: extraction of raw materials , manufacturing , and services ....
 of industrial evolution. It principally concerns the intellectual services: information generation, information sharing, consultation, education
Education

File:Inukshuk Monterrey 1.jpgEducation can be seen as a product or a process and considered in a broad sense or a technical sense. According to philosophy of education George F....
 and research and development
Research and development

The phrase research and development , according to the Organization for Economic Co-operation and Development, refers to "creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society, and the use of this stock of knowledge to devise new applications [sic]" ...
. It is sometimes incorporated into the tertiary sector but many argue that intellectual services are distinct enough to warrant a separate sector.

This sector evolves in well developed countries and requires a highly educated workforce.

The quaternary sector can be seen as the sector in which companies invest in order to ensure further expansion.






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The quaternary sector of the economy is an extension of the three-sector hypothesis
Three-sector hypothesis

File:2005gdpIndustrial.pngFile:2005gdpServices.pngThe three-sector hypothesis is an economics theory which divides economies into three sectors of activity: extraction of raw materials , manufacturing , and services ....
 of industrial evolution. It principally concerns the intellectual services: information generation, information sharing, consultation, education
Education

File:Inukshuk Monterrey 1.jpgEducation can be seen as a product or a process and considered in a broad sense or a technical sense. According to philosophy of education George F....
 and research and development
Research and development

The phrase research and development , according to the Organization for Economic Co-operation and Development, refers to "creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society, and the use of this stock of knowledge to devise new applications [sic]" ...
. It is sometimes incorporated into the tertiary sector but many argue that intellectual services are distinct enough to warrant a separate sector.

This sector evolves in well developed countries and requires a highly educated workforce.

The quaternary sector can be seen as the sector in which companies invest in order to ensure further expansion. Research will be directed into cutting costs, tapping into markets, producing innovative ideas, new production methods and methods of manufacture, amongst others. To many industries, such as the pharmaceutical industry, the sector is the most valuable because it creates future branded products
Brand

A brand is a collection of symbols, experiences and associations connected with a product, a service, a person or any other artifact or entity....
 which the company will profit from.

According to some definitions, the quaternary sector includes other pure services, such as the entertainment industry. There is also the notion of a "Quinary Sector" which would encompass health
Health care

File:Ear surgery on a patient.jpgFile:Monoclonal antibodies3.jpgHealth care, or healthcare, refers to the treatment and management of illness, and the preservation of health through services offered by the Medicine, pharmaceutical, Dentistry, clinical laboratory sciences , nursing, and allied health professions....
, culture
Culture industry

Culture industry is a term coined by Theodor Adorno and Max Horkheimer , who argued that popular culture is akin to a factory producing standardized cultural goods to manipulate the mass society into passivity; the easy pleasures available through consumption of popular culture make people docile and content, no matter how difficult their ec...
 and research.

The quaternary sector consists of those industries providing information services, such as computing and ICT (information and communication technologies), consultancy (offering advice to businesses) and R&D (research, particular in scientific fields). The quaternary sector is sometimes included with the tertiary sector, as they are both service sectors. Between them, the tertiary and quaternary sectors are the largest part of the UK economy, employing 76% of the workforce

See also

  • Three-sector hypothesis
    Three-sector hypothesis

    File:2005gdpIndustrial.pngFile:2005gdpServices.pngThe three-sector hypothesis is an economics theory which divides economies into three sectors of activity: extraction of raw materials , manufacturing , and services ....
  • Industrial policy
    Industrial policy

    An industrial policy is any government regulation or law that encourages the ongoing operation of, or investment in, a particular industry.An active intervention in industrial development is the policy of most if not all countries in the world....