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10/06/2021 10:51 am
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Describe briefly the classification of industries on basis of ownership.
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10/06/2021 10:52 am
On the basis of ownership, industries are classified into the private sector, state-owned (public sector), joint sector, and cooperative sector. Private-sector industries are owned by individuals or a group of individuals. Public sector industries are owned by the government. Joint sector industries are owned and operated by the state and individuals. Maruti Udyog is an example of such an industry. Cooperative sector industries are owned and operated by the producers or suppliers of raw materials, workers, or both. AMUL is one such industry.