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

Question

Responses

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.

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.

The development of quaternary industries does not impact local economies.
The development of quaternary industries does not impact local economies.

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

Answer 1

The most accurate response regarding the impact 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 involving decision-making, research and development, and information technology, can lead to job creation in specialized fields. However, the development of such industries can also change the local economic landscape, potentially increasing competition for existing businesses and impacting local retail dynamics.