Industry Sectors and Employment Trends

The video explores the five main industry sectors: primary, secondary, tertiary, quaternary, and quinary. It discusses how businesses are classified based on their activities and the impact of external influences on the growth of Australian industries. The video highlights the shift from primary and secondary industries to service-based sectors due to technological advancements and social changes. It also predicts future trends in the quaternary and quinary sectors, emphasizing the role of technology and lifestyle changes.

What is the primary basis for classifying businesses into different industry sectors?

• The size of the business

• The type of activity they undertake

• The location of the business

• The number of employees

Which industry sector involves the collection of natural resources?

• Quaternary

• Primary

• Tertiary

• Secondary

What type of businesses are included in the tertiary industry?

• Mining companies

• Agricultural businesses

• Service providers

• Manufacturing firms

Which industry sector is associated with the transfer and processing of information?

• Quaternary

• Secondary

• Primary

• Quinary

What activities are typically included in the quinary industry?

• Manufacturing and construction

• Home-based services

• Information processing

• Retail and sales

What was the primary industry employment trend in Australia around 1900?

• All employees worked in secondary industries

• Primary industry employment was negligible

• Most employees worked in tertiary industries

• 1 in 3 employees worked in primary industries

What has led to a decrease in the labor force needed for factory work?

• Higher wages in the tertiary sector

• Government restrictions on factory work

• Increased demand for handmade products

• Technological advancements and automation

Why has the tertiary sector been subdivided into quaternary and quinary sectors?

• Because of a decline in secondary sector jobs

• To simplify industry classification

• To better categorize the growing number of service-based jobs

• Due to a decrease in primary sector jobs

What is expected to drive changes in the quaternary sector over the next 20 years?

• Decrease in educational services

• Decline in global trade

• Advances in telecommunications and e-commerce

• Reduction in internet usage

What social change is expected to increase demand for quinary services?

• Reduction in population growth

• Increase in dual-income households

• Increase in single-income households

• Decrease in dual-income households