Classify industry on the basis of ownership
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Answer:
On the basis ownership industries are classified into private sector, public sector, joint sector and cooperative sector. ... (iv)Co-operative sector industries are owned and operated by the producers or suppliers of raw materials, workers or both.
(i) Private sector: Private industries are businesses that are owned and operated by an individual or group of individuals.
(i) Private sector: Private industries are businesses that are owned and operated by an individual or group of individuals. (ii) Public Sector: Public industries are owned and managed by the government. Example, Hindustan Aeronautics Limited (HAL)
(i) Private sector: Private industries are businesses that are owned and operated by an individual or group of individuals. (ii) Public Sector: Public industries are owned and managed by the government. Example, Hindustan Aeronautics Limited (HAL) (iii) Joint sector industries: These industries are jointly operated by the state and individuals. Example, Maruti Udyog.
(i) Private sector: Private industries are businesses that are owned and operated by an individual or group of individuals. (ii) Public Sector: Public industries are owned and managed by the government. Example, Hindustan Aeronautics Limited (HAL) (iii) Joint sector industries: These industries are jointly operated by the state and individuals. Example, Maruti Udyog. (iv) Cooperative sector industries: Cooperative industries are operated by the suppliers, producers or workers of raw material. Example, Amul India.