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10/06/2021 11:15 am
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Industries can be classified on the bases of ownership, explain.
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10/06/2021 11:16 am
Industries can be classified into 4 sectors in relationship to the ownership of the concerned industry.
Private sector: Private sector industries are owned and operated by individuals or a group of individuals.
State owned or public sector: The public sector industries are owned and operated by the government.
Joint sector: Joint sector industries are owned and operated by the state and individuals or a group of individuals.
Cooperative sector: Co-operative sector industries are owned and operated by the producers or suppliers of raw materials, workers or both.