industries which are owned and managed by a group of people
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Answer:
Explanation:
Industries or company that are owned and managed by a group is called the private limited company. Such companies which are private captures or held for small businesses. The liability belongs to the members of a Private Limited Company is limited with the number of shares held by them.
Shares of Private Limited Company cannot be publically traded.
Advantages of a private limited company:
• unique Legal and real existence;
• Uninterrupted existence.
.• Limited Liability.
• Free & Easy transferability of share
• Owning Property.
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Private sectors companies and industries.
Explanation:
- Private sector industries are those industries that are run by the sole proprietorships. May be run by trade unions, partnerships, professional and trade associations, and small and medium-sized enterprises.
- They may in the form of NGO or nonprofit and may be for the economy market and capitalism and also collaborate with the government and other agencies etc.
Learn more about the industries which are owned and managed by a group of people.
- brainly.in/question/10120542 answered by indiabrainly.
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