A SUGAR COOPERATIVE owned and run jointly by the sugarcane farmers is an example of which ownership classification?
- Cooperative sector industry
- Joint sector industry
- Private sector industry
- Public sector industry
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Correct answer: A. Cooperative sector industry
A cooperative industry is one owned and run by the producers/workers themselves (e.g. sugar cooperatives, Anand Milk Union).
Public = government; private = individuals/companies
joint = government + private.