What do you mean by industry?classify …
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Amar Kumar 8 years ago
Industry is the production of goods or related services within an economy. The major source of revenue of a group or company is the indicator of its relevant industry.
(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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