distinguish between the joint sector and public sector?
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Joint sector is the group of two or more companies.
Public sector refers to that sector which is run by the government.
Joint sector may be public or may be private..
Public sector always be a public company.
Joint sector motive is to earn profit
Public sector main motive is to render service to public.
Joint sector e. g maruti from india and Suzuki from japan makes maruti suzuki india..
Public sector e. g RBI, food corporation of India, LIC.. etc
Public sector refers to that sector which is run by the government.
Joint sector may be public or may be private..
Public sector always be a public company.
Joint sector motive is to earn profit
Public sector main motive is to render service to public.
Joint sector e. g maruti from india and Suzuki from japan makes maruti suzuki india..
Public sector e. g RBI, food corporation of India, LIC.. etc
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2
Hey !!!
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PUBLIC SECTOR -
The Public Sector Industries are owned and managed by the central or state governments or by their agencies.
Bhilai Steel Plant, Bharat Heavy Electriclas are examples of public sector industries.
JOINT SECTOR-
The Joint Sector Industries are owned and managed jointly by the private firms and the government agencies.
Gujrat Alkalies, Punjab National Bank, Oil India are joint sector industries.
Hope helps you ✌✌
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