ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Ownership of asset and delivery of services is in the hands of private individuals or companies, known as ____
A
Public sector
B
Private sector
C
Organised sector
D
All of these
Explanation: 

Detailed explanation-1: -Private Sector: In this sector, the ownership of assets and delivery of services is in the hands of private individuals and companies, e.g., TISCO, (Tata Iron and Steel Company). This sector predominates in agricultural and allied manufacturing industries, manufacturing of goods trade, hotel etc.

Detailed explanation-2: -In the public sector, the government owns most of the assets and assumes responsibility for the delivery of services. In the private sector, the ownership of assets and the delivery of services rest with private entities.

Detailed explanation-3: -Private Equity. Private equity investments are not traded on public markets and are usually pursued by accredited investors or high-net-worth individuals. Real Estate. Real estate assets are usually considered private assets. Infrastructure. Private Credit. 08-Nov-2021

There is 1 question to complete.