Sectors of the Economy Notes | EduRev

Geography for UPSC (Civil Services) Prelims

UPSC : Sectors of the Economy Notes | EduRev

The document Sectors of the Economy Notes | EduRev is a part of the UPSC Course Geography for UPSC (Civil Services) Prelims.
All you need of UPSC at this link: UPSC

INTRODUCTION

Human activities which generate income are known as economic activities. Economic activities are broadly grouped into primary, secondary, tertiary activities. Higher services under tertiary activities are again classified into quaternary and quinary activities.

Primary Activities

Sectors of the Economy Notes | EduRev

Primary activities are directly dependent on the environment as these refer to utilization of earth’s resources such as land, water, vegetation, building materials and minerals. It, thus includes hunting and gathering, pastoral activities, fishing, forestry, agriculture, and mining and quarrying.

People engaged in primary activities are called red-collar workers due to the outdoor nature of their work.

Secondary Activities

Sectors of the Economy Notes | EduRev

Secondary activities add value to natural resources by transforming raw materials into valuable products. Secondary activities, therefore, are concerned with manufacturing, processing and construction (infrastructure) industries.
People engaged in secondary activities are called blue-collar workers.

Tertiary Activities

Sectors of the Economy Notes | EduRev

Tertiary activities include both production and exchange. The production involves the ‘provision’ of services that are ‘consumed. Exchange involves trade, transport and communication facilities that are used to overcome distance.

Tertiary jobs = White-collar jobs.

Quaternary Activities
Sectors of the Economy Notes | EduRev

Quaternary activities are specialized tertiary activities in the ‘Knowledge Sector’ which demands a separate classification. There has been a very high growth in demand for and consumption of information-based services from mutual fund managers to tax consultants, software developers and statisticians. 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. Like some of the tertiary functions, quaternary activities can also be outsourced. They are not tied to resources, affected by the environment, or necessarily localised by market.

Quinary Activities
Sectors of the Economy Notes | EduRev

Quinary activities are services that focus on the creation, re-arrangement and interpretation of new and existing ideas; data interpretation and the use and evaluation of new technologies. Often referred to as ‘gold collar’ professions, they represent another subdivision of the tertiary sector representing special and highly paid skills of senior business executives, government officials, research scientists, financial and legal consultants, etc. Their importance in the structure of advanced economies far outweighs their numbers. The highest level of decision-makers or policymakers performs quinary activities.

Quinary = Gold collar professions.

Offer running on EduRev: Apply code STAYHOME200 to get INR 200 off on our premium plan EduRev Infinity!

Related Searches

Previous Year Questions with Solutions

,

Exam

,

Summary

,

Sectors of the Economy Notes | EduRev

,

Sample Paper

,

practice quizzes

,

shortcuts and tricks

,

past year papers

,

Objective type Questions

,

Semester Notes

,

Free

,

Sectors of the Economy Notes | EduRev

,

Important questions

,

pdf

,

study material

,

mock tests for examination

,

Viva Questions

,

ppt

,

Extra Questions

,

video lectures

,

MCQs

,

Sectors of the Economy Notes | EduRev

;