how are Industries Classified on the basis of ownership
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11
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on the basis ownership industries are classified into private sector public sector joint sector iv co-operative sector industries are owened and operated by the products or suppliers of raw material work s or both
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Private Sector:
They are owned by individuals or a group. They can be operated on a small or large scale. They are highly competitive and commercial.
Public Sector:
They are owned by the government. Ex: SAIL
Joint Sector:
They are operated by the joint venture of the state and a group of individuals. Ex: Maruti Udyog Limited.
Co-operative Sector:
They are particularly owned by producers or suppliers of workers or raw materials or both of them. Ex: Anand Milk .
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