Question

3. Write short notes on Public sector and Private sector.​

Answer 1

Answer:

Business enterprises owned and managed by individuals or group of individuals come under the private sector. For example : Cooperative societies, Sole proprietorship.

Enterprises that are managed and owned partly or wholly by the Central or State Government come under the public sector. Such enterprises are either a part of the concerned ministry or are created by a special act of the parliament. For example : Departmental undertakings, Government companies, Statutory corporations.

Explanation:

Answer 2

Explanation:

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