Question

describe industries on the basis of ownership.
✯quality answers required✯

Answer 1

Hi...!!

Industries On the basis of Ownership :

With the start of the planned development of the Indian economy in 1951, industries have been divided in the following four classes:

1. Private Sector Industries.

Industries owned by individuals or firms, such as Bajaj Auto or TISCO (Jamshedpur), are called private sector industries.

2. Public Sector Industries.

Industries owned by the state and its agencies like Bharat Heavy Electricals Ltd., or Bhilai Steel Plant or Durgapur Steel Plant are Public Sector industries.

3. Joint Sector Industries.

Industries owned jointly by the private firms and the state or its agencies such as Gujarat Alkalies Ltd., or Oil India Ltd. fall in the category of joint sector industries.

3. Co-operative Sector Industries.

Industries owned and run co-operatively by a group of people who are generally producers of raw materials of the given industry such as a sugar mill owned and run by farmers are called co-operative sector industries.

Answer 2

Hey Friend ✋✋✋

Industries are classified....

♦ On the basis of source of raw materials used
♦ According to their main role
♦ On the basis of capital investment
♦ On the basis of ownership
♦ Based on the bulk and weight of raw material and finished goods.

You have asked about the classification on the basis of ownership.

Your answer is.....

∆ On the basis of ownership, it is divided into 4 sectors :

♦ Public Sector :

This r is owned and operated by the government Agencies like BHEL, SAIL

♣ Private Sector :

This Industries are owned and operated by individual or a group of individuals like TISCO , Bajaj Auto Ltd

♠ Joint sector :

These industries are jointly run by the state and individuals or group of individuals like Oil India Ltd. ( OIL ) is owned by public and private sector.

♥ Cooperative sector :

These industries are owned and operated by the producers or supply of raw materials, workers or both. They pool in the resources and share the profit or loss is proportionally such as the sugar industry in Maharashtra, the coir industry in Kerala.

Hope it helps