alleryA SUGAR COOPERATIVE owned and run jointly by the sugarcane farmers is an example of which ownership classification?
ACooperative sector industry
BJoint sector industry
CPrivate sector industry
DPublic sector industry
Answer & Solution
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.
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