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Per NCERT, what is the PRIVATE sector?
ASector where ownership of assets and provision of services is in the hands of private individuals or companies — focus on profit
BSector with no profit motive
CSector that doesn't exist in India
DSector controlled by the central government
Answer & Solution
Correct answer: A. Sector where ownership of assets and provision of services is in the hands of private individuals or companies — focus on profit
Per NCERT §Sectors in Terms of Ownership, private sector = privately-owned (e.g. Tata, Reliance). Public sector is government-owned.
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