Quaternary sector in the context of "Designing"

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⭐ Core Definition: Quaternary sector

The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge-based economy. 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 media, telecommunication, education, information technology, financial planning, blogging, and designing.Other definitions describe the quaternary sector as pure services. This may consist of the entertainment industry, to describe 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.

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Quaternary sector in the context of Tertiary industry

In economics, the tertiary sector (also known as the service sector) is the economic sector which comprises the provision of services as opposed to the manufacture of finished goods. Services (also known as "intangible goods") include attention, advice, access, experience and affective labour.

The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution and sale of goods from a producer to a consumer, as may happen in wholesaling and retailing, pest control or financial services. The goods may be transformed in the process of providing the service, as happens in the restaurant industry. However, the focus is on people by interacting with them and serving the customers rather than transforming the physical goods. The production of information has been long regarded as a service, but some economists now attribute it to a fourth sector, called the quaternary sector.

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Quaternary sector in the context of List of largest United States–based employers globally

This is a list of United States–based companies having the most employees globally. For some companies listed, the majority of total employees live and work in other countries.

Employees are mixed and composed of various Economic sectors such as the Business sector, Private sector, Public sector, and the Voluntary sector. Additional classifications include the Agricultural (or primary) sector, Industrial (or secondary) sector, Service (or tertiary) sector, Information (or quaternary) sector, and Human (or quinary) sector.

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