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Question
Give examples of joint sector, public sector, private sector.
Give examples of joint sector, public sector, private sector.
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Solution
The private sector consists of business owned by individuals or a group of individuals. The public sector consists of various organizations owned and managed by the government. Joint sector are owned jointly by the government and private individuals who have contributed to the capital.
- Amul Milk Union Limited and amul cooperative society – Joint sector
- Construction of roads, bridges, railways, harbours, generating electricity – Examples of public sector activities
- Plumbers, technicians, contractors, developers and designers – Examples of private sector
The private sector consists of business owned by individuals or a group of individuals. The public sector consists of various organizations owned and managed by the government. Joint sector are owned jointly by the government and private individuals who have contributed to the capital.
- Amul Milk Union Limited and amul cooperative society – Joint sector
- Construction of roads, bridges, railways, harbours, generating electricity – Examples of public sector activities
- Plumbers, technicians, contractors, developers and designers – Examples of private sector
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