What is meant by enterprise Classify enterprises on the basis of ownership?

When a person or a group of people are engaged in the production or distribution of goods or services which are meant mainly for the purpose of the sale,it is called an Enterprise. Private sector- owned by individual or group of individuals with the aim of making profit. Public sector- owned by government.they enable the government to have control over economy for the benefit of people.

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When a person or a group of people are engaged in the production or distribution of goods or services which are meant mainly for the purpose of the sale,it is called an Enterprise. Private sector- owned by individual or group of individuals with the aim of making profit. Public sector- owned by government.they enable the government to have control over economy for the benefit of people.
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-Private sector industries=Industries owned by an individual or a group of people .Eg Tata motors,Birla industries.
-Public sector industries=Industries owned by the government.Eg Kerala state electricity board
-corperative sector companies=The companies owned by cooperatives under the government.Eg Amul
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