On what basis are the industrial sectors classified into public and private sectors?

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Employment conditions

The nature of economic activity

Ownership of enterprises

Number of workers employed in the enterprise

answer is C.

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Detailed Solution

Based on ownership of enterprises, the industrial sector is classified as private and public sectors. Industries are classified on various parameters, such as the source of raw material, their main role, the basis of capital investment, and the basis of ownership. The public sector industries are owned and operated by government agencies, for example, BHEL, SAIL, etc. The private sector industries are owned and operated by individuals or a group of individuals, for example, TISCO, Bajaj Auto Ltd, and Dabur Industries.

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