Mammoth Memory

Quaternary Industry – A business involved in information based services offering high technical knowledge

(Pronounced kwor-tuh-neh-ree in-duh-stree)

To remember what quaternary industry means use the following mnemonic:

The headquarters seemed very ordinary (quaternary industry) for such an advanced business involved in information based services.

The headquarters seemed very ordinary (quaternary industry) for such an advanced business involved in information based services.

Quaternary industries provide services, but they mainly focus on more specialised, high-tech areas. Computing, information and communication technologies, consultancy and research and development are typical examples of quaternary industries.

Combined with tertiary industries, these sectors employ 76% of the UK’s workforce in 2020, making them by far the largest part of the economy. Quaternary industries are mainly located in countries with high economic development. A highly educated and highly skilled workforce is required to work in quaternary industries, which is more commonly found in these countries.

 

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