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The concept of joint sector implies cooperation between
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- Public sector and private sector industries
- State Government and Central Government
- Domestic and Foreign Companies
- None of these
- Public sector and private sector industries
Correct Option: A
Joint sector industries are owned jointly by the government and private individuals who have contributed to the capital. In joint sector, both public sector and private sector join hands to establish new enterprise.The joint sector is an extension of the concept of mixed economy.
