Question

Public and Private sector is divided on the basis of:

• A. Terms of employment
• B. Nature of economic activity
• C. Ownership of enterprises
• D. Number of workers employed in the enterprises

Hint:

The public sector generally includes industries like defense, education, and healthcare, while the private sector involves businesses like retail, manufacturing, and services.

Answer 1

The Correct Option is C

The distinction between the public sector and the private sector is based on the ownership of enterprises. In the public sector, the government owns and operates enterprises, while in the private sector, ownership is in the hands of private individuals or companies.