Define the term quaternary sector.

Business

IGCSE&ALevel

CAIE

Exam No：9609_m24_qp_12 Year：2024 Question No：1(a)

Answer:

Indicative content
Responses may include:
A01 Knowledge and understanding
Clear understanding 2 marks
- economic activity based on the intellectual or knowledge-based economy
- consists of industries providing information services, such as computing, ICT (information and communication technologies), consultancy (offering advice to businesses) and R\&D (research, particularly in scientific fields)

Partial understanding 1 mark
- sector of production
- 4th economic sector
- subset of tertiary sector
- ICT/R\&D/computing

Knowledge points:

1.2.1.1 the primary, secondary, tertiary and quaternary sectors and businesses within those sectors

1.2.1.2 the public and private sectors and businesses within those sectors

1.2.1.3 the reasons for and consequences of the changing relative importance of these sectors

1.2.2.1 the main features of different types of business ownership: sole traders, partnerships, private limited companies, public limited companies, franchises, co-operatives, joint ventures and social enterprises

1.2.2.2 the appropriateness of different types of business ownership

1.2.2.3 the concepts of unlimited liability and limited liability and their importance

1.2.2.4 the advantages and disadvantages of changing from one type of business ownership to another

Define the term quaternary sector.

Answer:

Knowledge points:

Solution:

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