3. Tertiary, Quarternary and Quinary Economic Activities

These activities provide essential services and support the industries to function. Activities that involve the transfer and distribution of tangible and intangible goods are referred to as tertiary economic activities.
 
Often these industries are referred to as service industries. This level includes transportation, banking, utilities, education, retail, housing, health care and other services. Since the school educates us, it is classified under tertiary activity.

In other words, industries associated with the creation and transfer of information, including research and training, are called Quarternary industries. These industries are referred to as information industries.

As a result of advancements in technology and electronic display and transmission of information, these industries are experiencing dramatic growth. For example, we watch television. The programs are telecasted from television stations.

Quinary economic activities are high-level decision-making processes by executives in education, industries, business, and government. This sector includes top-level executives or officials in the fields of science and technology, universities, medicine etc.