Question

Sectors are classified into public and private sectors on the basis of

• A. Employment conditions
• B. The nature of economic activity
• C. Ownership of enterprises
• D. Number of workers employed in the enterprise

Answer 1

The correct option is C

Ownership of enterprises

Ownership of enterprises

The industrial sectors are classified into public and private sectors on the basis of ownership of enterprises. The private sector or enterprise are the businesses that are owned by a private group or an individual whereas the public sector or enterprises are the businesses that are owned and controlled by the government.

Hence, the correct option is (C).