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The Quinary Sector of Global Economy

The sectors of the economy developed statically, in a geographically limited perspective until the beginning of the 1950s, when the society advanced to the third industrial revolution – Industry 3.0. Since the early 1960s, the three-model economic sectors have been criticised as too limited. Therefore, in 1961, Jean Gottmann proposed for the first time the division of the tertiary sector by subdividing it into tertiary and quaternary sectors.

In 1961, Gottmann described the “quaternary occupations” as those providing services that require research, such as ”analysis, judgment, briefly, brain and responsibility” and “what might be called the quaternary forms of economic activity; managerial and artistic functions, government, education, research and brokerage of all kinds of goods, services and securities” (Gottmann, 1961). In 1969, Deane suggested adding a new sector of the economy, the Quinary sector (Kellerman, 1985).

As a result, the late 1960s brought together a new discussion in the field: the “Q-Sectors” of the economy.

High Decision Level Sector

Adams (1977) defined the quinary sector as consisting of establishments that engage in control activities, the production and processing of information and non-routine decision-making. Government is the main quinary industry, but it exists both in the private sector, through corporations, and in the voluntary sector, through NGOs and Think-Thanks.

The Quinary's Sectors

  • Private Sector – Businesses
  • Public Sector – Governments
  • Social Sector – NGOs
  • Benefit Sector – The Fourth Sector*
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Private Sector

This allows us to specialize in all dimensions of trades and stocks, because we have a specialist within the team for every scenario.

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Public Sector

We work with our clients and do a deep analysis of their business. We help prepare possible outcomes to different decisions.

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NGO Sector

This stops companies from taking drastic measures like downsizing or closing down sites; those things happen only with no or bad financial projections.

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Fourth Sector

We allow you to enter international waters without having to worry about making a mistake, as we use our international experience.

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