What are the 2 sectors of economic activities on basis of ownership and resources?
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The public and the private sector.
(a) Public Sector : It is the sector which is controlled, managed and owned by the government. For example, the Indian Railways.
(b) Private Sector : A private sector is owned, controlled and managed by an individual or by a group of individuals. For example, the Reliance Industries Ltd.
(a) Public Sector : It is the sector which is controlled, managed and owned by the government. For example, the Indian Railways.
(b) Private Sector : A private sector is owned, controlled and managed by an individual or by a group of individuals. For example, the Reliance Industries Ltd.
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