Differentiate between public, private and joint sector industries.

Public Sector Industries

Private Sector Industries

Joint Sector Industries

(a) An industry for which the state or its agency undertakes economic activities and controls the means of production and distribution are classified as public sector industries.

(a) An industry for which an individual partnership firm or a private company undertakes economic activities and controls the means of production and distribution is known as private sector industries.

(a) An industry for which both state as well as industrial firm jointly undertake economic activities and control the means of production and distribution is placed in the category of joint sector industries.

(b) The examples of public sector industries are iron and steel industries located at Bhilai, Rourkela, Durgapur and Indian Railways, H.M.T. etc.

(b) The examples of private sector industries are TISCO, cotton textile industries at Mumbai and Ahmedabad etc.

(b) The example is Maruti Udyog Ltd.