Classify the industries on the basis of ownership ?
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Public, private, joint and cooperative sectors – on the basis of ownership industries are being classified.
Explanation :
Private
- They are owned by individuals or a group. They can be operated on a small or large scale. They are highly competitive and commercial. Ex: Oyo
Public
- They are owned by the government. Ex: SAIL
Joint
- They are operated by the joint venture of the state and a group of individuals. Ex: Maruti Udyog Limited.
Co-operative
- They are particularly owned by producers or suppliers of workers or raw materials or both of them. Ex: Anand Milk .
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