Question

Differentiate between joint and cooperative sector in points. Plsss be quick. I want answer today.

Answer 1

Joint Sector- the ownership, control and management are shared jointly by the Government, the private entre­preneurs and the public at large.The management and control of a joint sector enterprise lies with the nominees or representatives of the Government, private businessmen and the public.
Cooperative sector industries are owned and operated by group of individuals who are producers or workers in the industry. Capital is pooled in together by people and profits and losses are shared by them.

Answer 2

Joint sector:

• Joint sector is combination of both public and private sector. It use investments of both the sector.
• In this sector, a business is nationalised with the help of government.
• The government can use advanced policies for fast growth.

Cooperative sector:

• Cooperative sector is a group of people associated for business.
• The people in this sector are benefited economically, culturally, and socially.
• There are many types of cooperative sector which includes consumer cooperative, worker cooperative, housing cooperative, and hybrids.
• People in this sector uses non-profit community business/organisation.