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Q.

The sectors are classified into public and private sectors based on:

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a

Employment conditions

b

The nature of the economic activity

c

Ownership of enterprises

d

Number of workers employed in the enterprise

answer is C.

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Detailed Solution

The three economic sectors can be further classified under public and private sectors based on who ownership of enterprises.
In the public sector, the government owns most of the assets and provides all the services. The purpose of the public sector is not just to earn profits. Government raises money through taxes and other ways to meet expenses on the services rendered by it.
In the private sector, ownership of assets and delivery of services is in the hands of private individuals or companies.

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The sectors are classified into public and private sectors based on: