Answer:
On
the basis of ownership, industries can be classified as:
(i) Public Sector: These industries are aimed and operated by the government
agencies.
(ii) Private Sector: These industries are owned and
operated by private entrepreneurs, e.g., TISCO, Bajaj Auto Ltd., Reliance
Industries and
Dabur Industries, etc.
(iii) Joint Sector: These industries are jointly run by
the state and individual or a group of individuals. Oil India Ltd (OIL) is
jointly owned by public and private sectors.
(iv) Cooperative Sector: These industries are owned and
operated by the producers or suppliers of raw materials, workers or both. They
pool in the resources and share the profits or losses proportionately such as
the sugar industry in Maharashtra, the coir industry in Kerala.
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