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Q. |
In an economy, the sectors are classified into public and private on the basis of - |
A. | employment conditions |
B. | nature of economic activities |
C. | ownership of enterprises |
D. | use of raw materials |
Answer» C. ownership of enterprises | |
Explanation: The classical breakdown of all economic sectors is: primary, secondary and tertiary. However, on the basis of ownership, the sectors are: business sector, private sector (privately run businesses), public sector (state sector) and voluntary sector. |
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