classify the industries on the basic of ownership
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On the basis of ownership, industries can be classified as:
(i) Public Sector:
These industries are aimed and operated by the government agencies.
(ii) Private Sector:
These industries are owned and operated by private entrepreneurs, e.g., TISCO, Bajaj Auto Ltd., Reliance Industries and Dabur Industries, etc.
(iii) Joint Sector:
These industries are jointly run by the state and individual or a group of individuals. Oil India Ltd (OIL) is jointly owned by public and private sectors.
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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.
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