Question : The concept of joint sector implies cooperation between:
Option 1: public and private sector industries
Option 2: state and central governments
Option 3: domestic and foreign companies
Option 4: none of these
Correct Answer: public and private sector industries
Solution : The correct answer is public and private sector industries .
Government agencies and capital-contributing private citizens jointly own joint-sector businesses. In the joint sector, public and private sectors work together to launch new businesses. A mixed economy is expanded upon by the joint sector. The entities that have received investments from the public and private sectors, along with those in which the state actively participates in direction and control, would be considered members of the joint sector.
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