Question

In a developed economy, the majority of workers get employment in which of the following sectors of economy?

Options

• Primary sector 

• Secondary sector 

• Tertiary sector 

• Quaternary sector

Answer 1

Quaternary sector

Explanation:

The Quaternary Sector along with the Tertiary Sector has replaced most of the primary and secondary employment as the basis for economic growth. Over half of all workers In developed economies are in the ‘Knowledge Sector’ and 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.