Question.
Distinguish between the Public sector and joint sector industry.
( Chapter - 5, Industries, Cass 8 NCERT, Resources and Development ( Geography) )
Answer.
Based on the ownership, industries are categorized into five types namely private sector, state-owned, public sector, joint sector, and cooperative sector.
The following differences between the public sector and joint industry:
Public sector industries are owned and operated by the government whereas joint sector industries are owned and operated by the state (government), individuals, or a group of Individuals.
Examples of Public sector industries are Steel Authority of India Limited ( SAIL) and Hindustan Aeronautical Limited ( HAL) whereas examples of joint sector industry Maruti Udyog Limited.
The main purpose of public sector industries is the social welfare of the country whereas the main purpose of joint sector industry is profit making.
Reservations in employment are applicable in the public sector industry whereas reservations in employment are not applicable in the joint sector industry.
The public sector industry has generally low manpower productivity whereas joint sector industries have higher manpower productivity.
Public sector industries have low productivity and operational efficiency whereas there is high operational efficiency in the joint sector industry.
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