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 sector on the basis of:
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Employment conditions
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The nature of economic activities
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Number of workers employed
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Ownership of enterprises
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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: -The public sector in many countries is organized at three levels: Federal or National, Regional (State or Provincial), and Local (Municipal or County).
Detailed explanation-3: -The industries owned and operated by the government agencies are called public sector industries.
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