Question

The sectors are classified into public and private sector on the basis of ______.

Options

• employment conditions

• the nature of economic activity

• ownership of enterprises

• number of workers employed in the enterprise

Answer 1

The sectors are classified into public and private sector on the basis of ownership of enterprises.

Explanation:

The public and private sectors are distinguished by who owns the assets and is accountable for providing services. In the public sector, the government owns the majority of the assets (such as Indian Railways), but in the private sector, ownership is held by private persons or companies.