How does the development of quaternary industries impact local economies?(1 point)

Question

Responses

Quaternary industries involve the efficient production of food and raw materials, which benefits urban centers.
Quaternary industries involve the efficient production of food and raw materials, which benefits urban centers.

Quaternary industries develop in places based on comparative advantage and draw tourists.
Quaternary industries develop in places based on comparative advantage and draw tourists.

These industries create new types of jobs, but lead to the creation of warehouses and competition for local retail.
These industries create new types of jobs, but lead to the creation of warehouses and competition for local retail.

The development of quaternary industries does not impact local economies.

Answer 1

The option that best describes the impact of the development of quaternary industries on local economies is:

These industries create new types of jobs, but lead to the creation of warehouses and competition for local retail.

Quaternary industries, which focus on knowledge-based activities such as research, information technology, and financial services, do indeed create new employment opportunities. However, they may also lead to changes in the local economic landscape, including the establishment of facilities like warehouses and increased competition for existing local businesses, particularly in the retail sector.