Name two commercial activities on the basis of ownership
Answers
Explanation:
On the basis of ownership : public and private sector.
Public sector : government owns most of the assets and provides all the services. eg: railways,post office.
Private sector : owners of assets and delivery of services are in the hands of private individuals or private companies.
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Answer:
On the basis of ownership; Public sector and Private sector.
Public sector:-
Public sectors include public goods and governmental services such as the military, law enforcement, infrastructure (public roads, bridges, tunnels, water supply, sewers, electrical grids, telecommunications, etc.), public transit, public education, along with health care.
Private sector:-
The private sector or enterprise are the businesses that are owned by a private group or an individual. Different types of businesses under private enterprises are a partnership, sole proprietorship, cooperative, and company.