What is meant by the term 'industry? What are its different types on the basis of ownership?
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Answer: On the basis of ownership, industries can be classified as: Public Sector: These industries are aimed and operated by the government agencies. Private Sector: These industries are owned and operated by private entrepreneurs, e.g., TISCO, Bajaj Auto Ltd., Reliance Industries, Dabur Industries, etc.
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Answer : industry is a group of manufacturer or Businesses that produce a particular kind of goods or Services.
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