Human activities which generate income are known as economic activities. Contents 1 Function Quaternary Economy. The Quaternary sector is an improved form of tertiary sector as it involves the services related to the knowledge sector, which includes the demand for the information- based services like taking the consultancy from tax managers, statisticians and software developers. The tertiary sector was growing strongly at the expense of manufacturing, agriculture and mining. The emergence and development of processing equipment has led to the emergence of factories. ; Secondary / manufacturing sector – concerned with producing finished goods, e.g. What are the sectors of the economy? The economy had grown much faster in the 2000 – 2005 period than the 1994 – 1999 period, with manufacturing the main under performer. The structure of the economy was changing and the primary sector was in decline. In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory which describes the role of manufacturing.It encompasses the industries which produce a finished, usable product or are involved in construction.. The mechanization and automation of the manufacturing processes begins to increase the production of finished goods. The main sectors of the economy are: Primary sector – extraction of raw materials – mining, fishing and agriculture. ; Service / ‘tertiary’ sector – concerned with offering intangible goods and services to consumers. This sector generally takes the output of the primary sector and manufactures finished goods or where they are suitable for use by other businesses, for export, or sale to domestic consumers. The secondary sector of the economy or industrial sector includes those economic sectors that create a finished, tangible product: production and construction. Read More Economic activities are broadly grouped into primary, secondary, tertiary activities. This sector generally takes the output of the primary sector (i.e. electricity. Construction sector, manufacturing and utilities, e.g. Secondary sector of the economy It is an economic sector in the three-sector theory which describes the role of manufacturing.It encompasses the industries which produce a finished, usable product or are involved in construction. The Secondary Sector of the Economy involves the transformation of raw materials into finished or manufactured products. The secondary sector of the economy includes those economic sectors that produce a finished, usable product: production and construction.. Higher services under tertiary activities are again classified into quaternary and quinary activities. The digital transformation of corporate learning goes well beyond just digitizing training delivery. As a rule of thumb, we say the more advanced an economy is, the more its focus shifts from the primary, through the secondary to the tertiary sector. The secondary sector of the economy includes industries that produce a finished, usable product or are involved in construction. Let us first understand the differences between the different sectors of the economy, so … 2. According to the three-sector theory, all economic activity can be classified into one of three sectors: the primary sector, the secondary sector, and the tertiary sector. Output of the economy intangible goods and services to consumers are broadly grouped into primary secondary. Tertiary sector was in decline was growing strongly at the expense of manufacturing, agriculture and mining takes output., tertiary activities are again classified into quaternary and quinary activities finished tangible... Those economic sectors that produce a finished, usable product: production and construction secondary sector of economy! 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