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Classify industries of the world on the ...

Classify industries of the world on the basis of ownership into four groups. State the main feature of each group.

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On the basis of ownership industries can be grouped into:
(a) Public Sector Industries,
(b) Private Sector Industries and
(c) Joint Sector Industries Main features of each group are:
(a) Public Sector Industries are owned and managed by governments. In India, there are a number of Public Sector Undertakings (PSU).
(b) Private Sector Industries are owned by individual investors. These are managed by private organisations.
(c) Joint Sector Industries are managed by joint stock companies or sometimes the private and public sectors together establish and manage the industries.
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