which one of the following industries is managed both by the government and private companies
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Explanation:
joint sector industries
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Joint sector industries is managed both by the government and private companies.In joint sector both public sector and private sector join hands to establish new enterprise.
Explanation:
- In joint sector enterprises the business are based on the ownership.
- The control and management shared jointly by the Government, private entrepreneurs and the public.
- India is a mixed economy, the joint sector has the potential to grow as an alternative to both the public and private sectors.
- The joint sector is that it combines the favourable points in the public as well as the private sector.It is the main advantage of joint sector industries.
- It is seeks to eliminate the negative points in both Government and private enterprises.
- Examples of joint sector enterprises is BHEL, TISCO, Petronet LNG Limited, etc.
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