In an economy, the sectors are classified into public and private on the basis of
Options:
A . nature of economic activities
B . use of raw materials
C . ownership of enterprises
D . employment condition
Answer: Option C Answer: (c)In an economy, the sectors are classified into private and public on the basis of ownership. Private sector is owned and managed by proprietors and partnerships while the public sector is wholly owned and managed by government.
Submit Comment/FeedBack