Question

Is there is more difference between private sector and joint sector

Answer 1

The main difference between them is that public sector industries are owned by government and joint sector is owned by both government and private institutions. Joint sector industries are owned jointly by the government and private individuals who have contributed to the capital.

Answer 2

Private sector are owned and managed by private individuals. Example- Exxon oil limited, Tata iron and steel industry, reliance industry
Joint sector industries are owned and managed jointly by the government and the private sector. Example- Bharat Aluminum company, Hindustan zinc limited

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