Q3 of 25 Page 5

Industries can be classified on the bases of ownership, explain.

Industries can be classified into 4 sectors in relationship to the ownership of the concerned industry.
  • Private sector
  • State owned or public sector
  • Joint sector
  • Cooperative sector
 
  • Private sector industries are owned and operated by individuals or a group of individuals.
  • The public sector industries are owned and operated by the government.
  • Joint sector industries are owned and operated by the state and individuals or a group of individuals.
  • Co-operative sector industries are owned and operated by the producers or suppliers of raw materials, workers or both.

More from this chapter

All 25 →
1 Write a short note on Mineral based industries. 2 What are marine based industries ? 4 What are the inputs, process and output of a textile industry? 5 Mention the major industrial regions of the world.