Question

Distinguished between:
1) public sector industry and joint sector industry.​

Answer 1

Answer:

 A public sector enterprise or industry is completely owned and controlled by the government while the Joint Sector enterprise, as the name, implies shares the ownership between government and private entrepreneurs.

Joint sector industries are owned jointly by the government and private individuals who have contributed to the capital. In joint sector, both public sector and private sector join hands to establish new enterprise.

Answer 2

1) In Ownership Public Sector is completely owned by the Government.

1) In Ownership Joint Sector is the section which is partially owned by the government and private institutions.

2) In Areas of Service Few Public Sector enterprises are defense services, railways, nuclear power.

2) In Areas of Service Banking Services, Airlines, Petroleum Products etc.

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