Classify industries on the basis of ownership. - Vidyadip

Question

Classify industries on the basis of ownership.

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Answer

Private Sector Industries: They are owned and operated by individuals or a group of individuals. e.g. Reliance, Tatas, Wipros, etc.
Public Sector Industries: They are owned and operated by the government such as Hindustan Aeronautics Ltd. and Steel Authority of India Ltd.
Joint Sector Industries: They are owned and operated by the state and individuals or a group of individuals. e.g. Maruti Udyog Limited.
Cooperative Sector Industries: These industries are owned and operated by the producers or suppliers of raw materials, workers or both. e.g. Anand Milk Union Ltd. and Sudha Dairy.

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