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Question

In how many types the Industries can be classified on the basis of ownership? Explain any two.

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Solution

On the basis of ownership the following types of industries are.
(i) Private industries which are owned by an individual.
(ii) Government industries which are owned by the Government.
(iii) Co-operation industries which are owned by co-operation institutions.
(iv) Mixed industries which are owned by two or more owners.

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