Multiple choice general knowledge

In an economy, the sectors are classified into public and private on the basis of

  1. employment conditions

  2. nature of economic activities

  3. ownership of enterprises

  4. use of raw materials
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The public sector includes enterprises owned by the government, while the private sector consists of businesses owned by individuals or private companies. This classification is based on who owns and controls the economic activities, not on employment conditions or the type of raw materials used.

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