Question

differentiate between joint sector industries and co-operative industries with suitable examples

Answer 1

• Joint Sector- the ownership, control and management are shared jointly by the Government, the private entre­preneurs and the public at large.The management and control of a joint sector enterprise lies with the nominees or representatives of the Government, private businessmen and the public.
• Cooperative sector industries are owned and operated by group of individuals who are producers or workers in the industry. Capital is pooled in together by people and profits and losses are shared by them.