What is a joint sector?
The term ‘joint sector’ is applied to an undertaking only when both its ownership and control are effectively shared between public sector agencies and a private group.
The basic idea underlying the concept is combination of joint ownership, joint control and professional management..
What are the features of the public sector?
Public sectors include public goods and governmental services such as the military, law enforcement, infrastructure (public roads, bridges, tunnels, water supply, sewers, electrical grids, telecommunications, etc.), public transit, public education, along with health care and those working for the government itself, …
Which is an example of joint sector industry?
Answer. Maruti Udyog, Tamil Nadu Flourine & Allied Chemicals Ltd,Malabar building Products Ltd,Cochin Refineries, Dielectro Magnetics Ltd and Gujarat State Fertilizers are examples of joint sector undertakings in our country.
What is joint sector India?
In the context of India, the state sector is made up of enterprises owned and controlled either wholly by the central, state of local government or jointly with each other. Similarly, joint’sector is also made up of factories owned and managed by any of these three governments jointly with private individuals.
What are examples of private sector?
Examples of private-sector employment areas:Financial services.Law firms.Estate agents.Newspapers or magazines.Veterinarians.Aviation.Hospitality.
What is the public sector?
Public sector, portion of the economy composed of all levels of government and government-controlled enterprises. It does not include private companies, voluntary organizations, and households. Public sector. Quick Facts.