Question

private sector industry

Answer 1

$Assalamualaikum$

Here is your answer...,

The private sector is the part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the State.

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Answer 2

Answer

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Private sector Industries :-

•These are owned and managed by individuals or group of individuals.

•Investment are made by wealthy individuals who have funds to invest in a large scale operation.

•The profit made are enjoyed by the individuals and they also have to bear the losses incurred.

•Examples from India :- Tata iron and steel company (TISCO), Reliance group of Industries, Bajaj auto limited, and such others.

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