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प्रश्न
Identify the sector on basis of the following characteristics and choose the correct option:
- The objective of this sector is to earn profit.
- This sector is owned by a person or company.
- Tata Iron and Steel is a example of this sector.
पर्याय
Cooperative Sector
Unorganised Sector
Public Sector
Private Sector
MCQ
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उत्तर
Private Sector
Explanation:
Based on the economic classification of ownership, the given characteristics perfectly describe the private sector:
- Ownership: In the private sector, assets and enterprises are owned, managed, and controlled by private individuals or companies rather than the government.
- Motive: The primary driving force and objective of this sector is to maximise profit.
- Example: The Tata Iron and Steel Company (TISCO) is a premier example of a privately owned enterprise in India.
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