Which of the following economic activity is an example of the Quaternary group of economic activities?​

Correct option is C

Introduction
Economic activities are classified into primary, secondary, tertiary, quaternary, and quinary sectors based on the complexity and nature of the work performed.

The Quaternary group deals exclusively with knowledge generation, information processing, and research. 

Information Booster

• Education falls under the Quaternary sector because it involves the creation, processing, sharing, and application of knowledge and specialized information.
• This sector is characterized by highly specialized, intellectual services. It includes activities like teaching, information technology (IT), research and development (R&D), and consulting.
• The growth of the Quaternary sector signifies a fundamental shift toward a knowledge-based economy, where intellectual capital is the primary driver of wealth.

Additional Knowledge

• Retailing and Wholesaling: These activities belong to the Tertiary Sector (Service Sector). They involve the direct sale and movement of finished goods from producers to consumers.
• Transport: This is also a core part of the Tertiary Sector, providing a service essential for the movement of people and goods (e.g., logistics and communication).
• The five sectors are:
  • Primary: Extraction of raw materials (e.g., farming, mining).
  • Secondary: Manufacturing and processing (e.g., factory work).
  • Tertiary: Services facilitating exchange (e.g., retail, transport).
  • Quaternary: Knowledge and information services (e.g., education, R&D).
  • Quinary: High-level decision-making and innovation (e.g., government executives, corporate leaders, often called 'gold-collar' professions).