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Question

Industries in which investment is done by the producers or suppliers of raw materials, workers or both are called _________ industries.

A
private sector
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B
cooperative sector
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C
jointly owned
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D
public sector
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Solution

The correct option is B cooperative sector
Industries in which investment is done by the producers or suppliers of raw materials, workers or both are called cooperative sector industries. These types of industries owned and operated by producers, suppliers and workers are termed as cooperative sector industries.

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