Best Answer - Chosen by Voters
PRIMARY = #1 = is the most important factor, or has the most direct impact.
SECONDARY = #2 = the next most important/direct ....
TERTIARY = #3 = the third most .....
QUATERNARY = #4 = the fourth most .....
An economic sector is a certain type of business activity within an economy. Economics is part of the social structure of a society and is concerned with how people produce and consume goods and services. What types of goods and services are produced and consumed in a society depend on geography and social customs. The three major economic sectors are: primary, secondary and tertiary. [for QUATERNARY ... see final paragraph, below].
The PRIMARY economic sector includes obtaining and refining raw materials such as wood, steel and coal. Primary economic sector workers include loggers, steelworkers and coalminers. All types of natural resources industries such as fishing, farming, forestry and mining are a part of the primary economic sector.
The SECONDARY economic sector deals with the processing of raw materials into finished goods. Builders and potters are examples of secondary economic sector workers. Lumber from trees is made into homes and clay from the earth is made into pottery. Brewing, engineering and all types of processing plants are part of the secondary economic sector.
The TERTIARY economic sector has to do with services to businesses and consumers. Dry cleaners, real estate agents and loan officers fall into the category of tertiary economic sector workers. Transportation, banking, tourism and retail stores are all part of the tertiary economic sector.
The movement of goods and services through the primary, secondary and tertiary sectors is referred to as the "chain of production." For example, trees are sourced to make paper, then the pulp is processed to create the paper and then the finished product is sold in stores. Some people consider government and education to be solely part of the tertiary sector, while others add the quaternary economic sector and the quinary economic sector to the three main sectors.
The QUATERNARY economic sector is said to be that of intellectual organization in a society such as government, research, cultural programs, Information Technology (IT), education and libraries. The quinary sector is thought to be related to the quaternary sector, but includes only the senior management levels. Top management in non-profit organizations, media, arts, culture, higher education, science and technology and government are all included in the quaternary economic sector.
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