Give Examples of 3 Joint Sector Industries
By Balaji
Updated on: February 28th, 2023
Examples of 3 joint sector industries are Oil India Limited, Maruti Udyog Limited, Cochin Refineries, Tamil Nadu Fluorine & Allied Chemicals Limited, etc. To understand the example, you must first understand the Joint sector industries. Joint Sector Industries are run jointly by the state and individuals or groups of individuals.
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Join Sector Industries
The term joint sector industry is widely used. It is defined as a type of industry that is owned and controlled by both the public and private sectors. It is neither entirely public nor entirely private in nature.
Industries are places where economic activities such as the production of goods, the extraction of minerals, or the provision of services take place. They are classified according to their raw materials, size, and ownership.
Examples of 3 Joint Sector Industries
- There are four types of industries in India based on ownership. They are Joint sector industries, Private sector industries, Cooperative sector industries, and Public sector industries.
- The industries that are based on raw materials are as follows – agro-based industries, mineral-based industries, marine-based industries, and forest-based industries.
- Based on the size, the type of industries are small-scale industries and large-scale industries.
- Therefore, we can conclude that industries can be classified according to different factors such as ownership, size, and raw materials.
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