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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