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State the various types of organisations in the private sector. - Business Studies

Short Note

State the various types of organisations in the private sector.

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Solution

The private sector consists of that part of an economy which is owned and managed by individuals or companies with the motive of earning profits. The various types of private sector organisations in India are as follows.

• Sole proprietorship
• Partnership
• Joint Hindu Family
• Cooperative societies
• Company

Concept: Concept of Public Sector and Private Sector Enterprises
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APPEARS IN

NCERT Ncert Class 11 Business Studies
Chapter 3 Private, Public and Global Enterprises
Short Answer Questions | Q 2 | Page 79
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