15. Explain the sectors of economy on the basis of ownership,

1.	15. Explain the sectors of economy on the basis of ownership,
Answer» The public and the private sector. (a) Public Sector : It is the sector which is controlled, managed and owned by the government. For example, the Indian Railways. (b) Private Sector : A private sector is owned, controlled and managed by an individual or by a group of individuals. For example, the Reliance Industries Ltd

Answer»

The public and the private sector.

(a) Public Sector : It is the sector which is controlled, managed and owned by the government. For example, the Indian Railways.

(b) Private Sector : A private sector is owned, controlled and managed by an individual or by a group of individuals. For example, the Reliance Industries Ltd

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15. Explain the sectors of economy on the basis of ownership,

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