Tertiary and Quaternary Activities
Economic activities can be divided into primary, secondary and tertiary activities. Tertiary activities are related to the service sector.
Tertiary sector includes both production and exchange. There are basically three types of tertiary activities. These are trade, transport and communication.
Trading services on the other hand are of two types— retail trading and wholesale trading. Retail trading is concerned with the sale of goods directly to the consumers. Wholesale trading on the other hand constitutes bulk business through numerous intermediary merchants and supply houses, and not through retail stores.
Another popular term these days is that of empowered workers. This includes the entrepreneurs of the quaternary sector and the emerging quinary sector.
There is also an informal or non formal sector, which includes the personal services that are made available to the people to facilitate their work in daily life. This basically constitutes the migrant population of the cities who are unskilled and uneducated to take up any other employment.
The quaternary sector is the knowledge sector of the economy. This sector can be divided into quaternary and quinary activities. 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.
The quinary activities are performed by the highest level of decision makers and policy makers. These are often referred to as the gold collar professions.
Digital divide is the unequal distribution of digital technologies and services. Uneven distribution is caused due to the wide ranging economic, political and social differences among countries.