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Q.

The economy is classified into public and private sectors on the basis of :

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a

Employment opportunities

b

Nature of economic activity

c

Ownership of enterprises

d

Number of workers employed

answer is C.

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Detailed Solution

The economy is classified into public and private sectors on the basis of Ownership of enterprises.
If a company is owned and controlled by the government, it is termed the public sector, and if it is owned and controlled by private individuals, it becomes a part of the private sector. The main motive of a public enterprise is social welfare, while it is profit-making for a private company. Companies like BSNL and SAIL are a part of the public sector, while Google and Amazon are examples of private sector companies.

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