GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The sectors are classified into public and private on the basis of
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employment conditions
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the nature of economic activity
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ownership of enterprises
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number of workers employed in the enterprise s
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Explanation:
Detailed explanation-1: -The industrial sectors are classified into public and private sectors on the basis of ownership of enterprises. Public sectors refers to government owned organisations and private sectors are not government owned.
Detailed explanation-2: -Based on the nature of the economic activities, the economy is classified into the primary sector, the secondary sector, and the tertiary sector. On the basis of asset ownership and responsibility for delivery of services, economic activities are classified into private and public sectors.
Detailed explanation-3: -The public sector in many countries is organized at three levels: Federal or National, Regional (State or Provincial), and Local (Municipal or County).
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