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

Correct option is C

The Quaternary sector of the economy refers to the knowledge-based activities involving services such as information technology, research and development, education, financial services, consulting, and media. It involves the generation and sharing of knowledge, data, and information.

• (3) Education: This is a clear example of a Quaternary activity because it involves the dissemination of knowledge and the development of human capital. Education contributes significantly to intellectual capital and skills development, making it a key part of the Quaternary sector.

• Quaternary Sector: This sector is critical in modern economies and is focused on intellectual activities that involve research, innovation, education, and the generation of knowledge. It requires a highly skilled workforce, often involving specialized knowledge and advanced technology. Key industries include research and development, information technology, consultancy, and education. The goal is to produce, distribute, or utilize knowledge and information to enhance other sectors of the economy.

• Education: The Quaternary sector places significant emphasis on education, as it plays a crucial role in developing the knowledge economy. By providing specialized education and training, individuals become part of a highly skilled labor force, enhancing the overall intellectual capital of society.

• The Tertiary sector focuses on services, including activities like retailing, wholesaling, and transport. These activities often deal with the distribution and sale of goods and the provision of services to individuals and businesses.

• The Quaternary sector goes beyond just services and focuses on intellectual activities such as education, research and development (R&D), and financial analysis, which require specialized knowledge and skills. This sector is essential for the development of high-tech industries and the digital economy.

(2) Wholesaling: This is also a Tertiary sector activity. Wholesaling involves the sale of goods in large quantities, typically to retailers, and is not focused on intellectual services or knowledge-based work.

(4) Transport: This falls under the Tertiary sector as well, which involves the provision of services related to the movement of goods and people.