what is manufacturing sector?Describe four types of manufacturing sector on the basis of ownership.
Answers
Public sector:- owned by the government. example BHEL
Private sector:- owned by private individuals. example Reliance
Joint sector:-jointly owned by government and individuals. example Gujarat alkalies
Cooperative sector:- owned by the producers and suppliers of the raw materials. example Amul, mother dairy
The conversion of raw materials into useful and valuable products are generally refer as manufacturing.
For an Example :-
Wood is supplied to the industries as a raw material then the industry converts the wood into paper.
Also from the sugarcane we get sugar it is also done by the industries.
There are 4 types of manufacturing sector on basis of ownership :-
1. Public sector = It governed by the government of india as for an example we conclude - SAIL.
2. Private sector = It is governed by the group or by an individual by investing their own capital.For an example - TISCO.
3. Joint sector = It is governed by an joint members or by the state. For an example - Oil India.
4. Cooperative = It is governed by the producer or workers or any other members. For an example = Mother dairy