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Question
EXPLAIN THE CLASSIFICATION OF INDUSTRIES ON THE BASIS OF OWNERSHIP.
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Solution
Dear Student,
Features of private sector industries are:
- These are enterprises of profit
- Run by individuals
- Theses are not controlled by the state
Four classes of industries on the basis of ownership:
- Public sector
- Private sector industries
- Joint sector industries
- Cooperative sector industries
Dear Student,
Features of private sector industries are:
- These are enterprises of profit
- Run by individuals
- Theses are not controlled by the state
Four classes of industries on the basis of ownership:
- Public sector
- Private sector industries
- Joint sector industries
- Cooperative sector industries
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