Question

Give 2 examples of private sector and public sector undertaking

Answer 1

Answer: private sector: mixed economy, capitalism or free market economy.

Public:socialism, mixed economy system (both private and public

Explanation:

Answer 2

Examples of private sector and public sector undertaking:

India is a varied economy. It is the type of economy that has both the private sector and the public sector.

• The private sector comprises of those business enterprises which are owned by a gathering of individuals and a single individual. For example: sole proprietorship, partnership, cooperative and a company.
• The public sector comprises of those business enterprises which are owned and directed by the government. It can be either totally possesses by the government or totally-owned by single or more State Governments, or partially by both the governments. For example: departmental undertakings and statutory corporations.

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