Question

7. Which of these correctly

defines Joint Sector
Industries'? *
(a) owned and operated jointly by
government agencies
(b)are owned and operated by the
government.
(c)are set up in collaboration with
foreign investors
O
(d) are owned by individuals or a
group of individuals​

Answer 1

(a) owned and operated jointly by

government agencies

Step-by-step explanation:

Joint Sector Industries is defined by its mode of operation and ownership in which the company is owned jointly by the government (public sector ) and private individuals (private sector) who both provided the capital for its successful running.

The ownership can be 55 percent from the government to 45 percent from a private company.