Question

The sectors are classified into Public and Private sectors on the basis of
a. number of workers employed
b. nature of economic activity
c. ownership of enterprises
d. employment conditions

Answer 1

The sectors are classified into Public and Private sectors on the basis of (C). ownership of enterprises.

The public sector includes all the public services and enterprises.

Public services include public goods and services like roads, water supply, transport, health, military etc.

Public enterprises are state-owned that are under public ownership.

Private sector includes enterprises that are owned by private people with the aim to gain profit.

These are not owned and run by state or government.

Answer 2

C. Ownership of enterprises