Choose the most appropriate answer
The sectors are classified into public and private sector on the basis of: (i) employment conditions (ii) the nature of economic activity (iii) ownership of enterprises (iv) number of workers employed in the enterprise
The public and private classification depends on who owns the assets and is responsible for delivering services.
In the public sector the government owns the assets; in the private sector ownership is with private individuals or companies. So the basis is ownership of enterprises.
Answer: (iii) ownership of enterprises
