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On the basis of ownership classify indus...

On the basis of ownership classify industry of the world into three groups. Explain the main features of these groups.

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The features of each sector are as follows:
• Public sector industries: Industries which are owned and manage by the state, the state establishes and runs this units. SAIL , DRDO , ONGC , etc. come under public sector industries.
• Private sector industries: Industries owned and manage by an individual or a corporate body belong to the private sector. Individuals invest their capital to establish these industries and manage them as private enterprise.
• Joint sector industries: An industries owned and managed jointly by the state and private initiatives falls in the joint sector.
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