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| 1. |
Classify the industry on the basis of ownership |
| Answer» On the basis of ownership, industries can be classified as:\tPublic Sector: These industries are aimed and operated by the government agencies.\tPrivate Sector: These industries are owned and operated by private entrepreneurs, e.g., TISCO, Bajaj Auto Ltd., Reliance Industries, Dabur Industries, etc.\tJoint Sector: These industries are jointly run by the state and individual or a group of individuals. Oil India Ltd (OIL) is jointly owned by public and private sectors.\tCooperative Sector: These industries are owned and operated by the producers or suppliers of raw materials, workers or both. They pool in the resources and share the profits or losses proportionately such as the sugar industry in Maharashtra, the coir industry in Kerala. | |