Question

Classify industry on the basis of ownership. Explain with examples. please give the answer for 5 marks​

Answer 1

Answer:

On the basis of ownership, industries can be classified as: . Public Sector: These industries are aimed and operated by the government agencies. ... Private Sector: These industries are owned and operated by private entrepreneurs, e.g., TISCO, Bajaj Auto Ltd., Reliance Industries, Dabur Industries,etc..

Explanation:

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Answer 2

On the basis ownership industries are classified into private sector, public sector, joint sector and cooperative sector.

(i)Private sector industries are owned and operated by individuals or a group of individuals. ... The iron and steel industry is referred to as the backbone of modern industry.

(ii)The public sector industries are owned and operated by the government, such as Hindustan Aeronautics Limited and Steel Authority of India Limited.

(iii)Joint sector industries are owned and operated by the state and individuals or a group of individuals. Maruti Udyog Limited is an example of joint sector industry.

(iv)Co-operative sector industries are owned and operated by the producers or suppliers of raw materials, workers or both. Anand Milk Union Limited and Sudha Dairy are a success stories of a co-operative venture.