SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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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: -Public Sector refers to the part of the Country’s overall economy which is controlled by the Government or various Government bodies. The private Sector refers to the part of the Country’s overall economy which is controlled by Individuals or Private Companies.
Detailed explanation-3: -The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government.
Detailed explanation-4: -The public sector in many countries is organized at three levels: Federal or National, Regional (State or Provincial), and Local (Municipal or County). Partial outsourcing (of the scale many businesses do, e.g. for IT services) is considered a public sector model.