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On the basis of ownership, enterprises can be classified into ____and private sector enterprises.

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Detailed Solution

On the basis of ownership, enterprises can be classified into Public sector and private sector enterprises.
The public sector includes all those enterprises owned and managed by the government. In the public sector, the government is the one that provides services to the people. On the other hand, the enterprises owned by private individuals are called private sector enterprises. Private individuals and companies are the ones providing services in the private sector. Delhi Metro Rail Corporation and Indian Railways are examples of public sector enterprises. Similarly, Reliance Mobile and Tata are examples of private sector enterprises.

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On the basis of ownership, enterprises can be classified into ____and private sector enterprises.