Show how are the sectors divided on the basis of ownership of resources which out of them play an indispensable - Social Science - Sectors of the Indian Economy

Question

Show how are the sectors divided on the basis of ownership of
resources?which out of them play an indispensable role for
development of the country?give reasons

Tanu Jain · Accepted Answer

Dear Student,
Following are the two sectors based on the ownership:
<img alt="" src=
"https://s3mn%20mnimgs%20com/img/shared/content_ck_images/ck_5c9d211d3ea34%20png">Public
sector contributes more towards the development of the country
because the public sector works mainly for the public and society
as a whole On the other hand, the private sector works for the
profit earning and profit maximisation that's why public sector
plays an important role in the development of society

Regards,

Show how are the sectors divided on the basis of ownership of resources?which out of them play an indispensable role for development of the country?give reasons