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On which of the following basis, the sectors are classified into public and private sector?
  • a)
    Employment conditions
  • b)
    The nature of economic activity
  • c)
    Ownership of enterprises
  • d)
    Number of workers employed in an enterprise
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
On which of the following basis, the sectors are classified into publi...
If the enterprise owned by the government it is called a public enterprise whereas if an enterprise is owned by a private individual it is called private enterprise. the ownership of a enterprise is the condition which decides whether an enterprise is public or private as the ownership decides the decision maker of an enterprise.
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Community Answer
On which of the following basis, the sectors are classified into publi...
The public sector includes all the public services and enterprises. Public services include public goods and services like roads, water supply, transport, health, military etc. Public enterprises are state-owned that are under public ownership. Private sector includes enterprises that are owned by private people with the aim to gain profit. These are not owned and run by state or government. 
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On which of the following basis, the sectors are classified into public and private sector?a)Employment conditionsb)The nature of economic activityc)Ownership of enterprisesd)Number of workers employed in an enterpriseCorrect answer is option 'C'. Can you explain this answer?
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