what are the three sectors of economic activities on the basis of the owenrship of resources
gyansingh40:
1)Public sector: In the public sector, government owns most of the assets and provides all the services. Railways or post office is an example of the public sector.2)Private sectors:In the private sector, ownership of assets and delivery of services is in the hands of private individuals or companies. Companies like Techclyde Services Private limited or Reliance Industries Limited are privately owned.
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The sectors of economy can be classified on basis of ownership as:
1. Public sector : It is owned by government for the benefit of everyone.
2. Private sector : It is owned by individuals or group of individuals for their personal benefit.
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