The sectors are classified into public and private sector on the basis of

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Employment conditions

Nature of economic activities

Number of workers employed

Ownership of the enterprise

answer is D.

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Detailed Solution

The sectors of the economy can be classified into Ownership of the enterprise: the public sector and the private sector. In the public sector, the government owns all or a majority of the assets and is responsible for the services provided. This sector is known as the "state sector" or "government sector." Essentially, the public sector's main aim is the people's welfare; therefore, some facilities are only provided by the public sector. The private players own most assets in the private sector and are responsible for the services provided. The main aim of the private sector is to earn profit and increase shareholders' wealth.

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