Question

Classify the sectors of economy on basis of ownership

Answer 1

1) Public sector: Companies who work for the welfare of people and        (mostly) aren't a profit oriented company. They provide us basic services       and also for the advancement of the community.

Eg: HAL, ISRO etc.

2)    Private: These are the companies which are maintained by private    people and are profit oriented. These provide us commodities of common use.

Eg: Reliance, TATA, TISCO, Infosys etc.

3)  Joint sector: When private and public(Govt.)sector combine work together it's called joint sector.

Eg: Madras Refineries , Madras Fertilisers , Gujarat State Fertiliser Company etc.

Answer 2

1)public sector

2)private sector