Explain the industries on the basis of ownership
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On the basis of ownership, industries can be classified as: ... Private Sector: These industries are owned and operated by private entrepreneurs, e.g., TISCO, Bajaj Auto Ltd., Reliance Industries, Dabur Industries, etc.
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Joint Sector: These industries are jointly run by the state and individual or a group of individuals. Oil India Ltd (OIL) is jointly owned by public and private sectors. . Cooperative Sector: These industries are owned and operated by the producers or suppliers of raw materials, workers or both.
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