How does the development of quarernary industries impact local economies?

a quaternary industries develop in places based on comparative advantage and draw tourists
b thse industries create new types of jobs, but lead to the creation of warehouses and competition for local retail
c quaternary industries involve the efficient production of food and raw materials, which benefits urban centers
d the development of quaternary industries does not impact local economies

1 answer

The development of quaternary industries typically has mixed but significant impacts on local economies. Among the options provided, the best choice seems to be:

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

Quaternary industries focus on knowledge-based activities, such as research and development, information technology, and education. This can lead to the creation of new jobs that require higher levels of education and specialized skills. However, the emergence of these industries can also impact existing businesses, particularly local retail, as new economic dynamics come into play.

While option a touches on tourism and comparative advantage, it does not encompass the entire scope of quaternary industries. Option c inaccurately describes quaternary industries, which do not primarily focus on the production of food and raw materials that are characteristics of primary and secondary industries. Lastly, option d is incorrect as quaternary industries do indeed impact local economies in various ways.