Briefly explain the quaternary industry

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The quaternary industry refers to the sector of the economy that focuses on knowledge-based activities involving the creation, management, and dissemination of information. This includes services related to education, research and development (R&D), technology, finance, consultancy, and information technology. Unlike the primary (extraction of natural resources), secondary (manufacturing), and tertiary (services) industries, the quaternary industry is centered on intellectual capabilities and the advancement of technology and innovation. It plays a crucial role in driving economic growth and improving productivity by harnessing knowledge and expertise.