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A 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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