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The cooperative sector can be defined as that sector of the economy carried out by cooperatives, defined by the International Cooperative Alliance as "autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise." The cooperative sector is distinguished from the state or public sector, which is carried out by the State and its instrumentalities including public corporations, and to the so-called private sector, which is carried out by private individuals and organizations.
In a developing country, the role and importance of Small entrepreneurs is very significant towards poverty eradication, employment generation, rural development and creating regional balance in promotion and growth of various development activities. It is estimated that this sector has been contributing about 40% of the gross value of output produced in the manufacturing sector and the generation of employment by the small-scale sector is more than five times to that of the large-scale sector. This clearly shows the importance of Small entrepreneurs in the economic development of the country. Thus small-scale industry playing an important role in the growth process of Indian economy since independence in spite of stiff competition from the large sector and not very encouraging support from the government.
its a third sector
The Indian Oil Corporation is the joint-Sector enterprise in India.
Simply stated, the joint sector is a form of partnership between the public sector an the private sector
what is the importance of public sector accounting
what are the importance of accounting information in small scale enterprise.
Enterprise Resource Planning (ERP) trend experienced throughout the public sector?
what is importance of joint stock company
It is an oxymoron. By its definition, a private sector enterprise cannot be run by government.
private sector state owned joint sector cooperative sector
there are 3 sectors of industries:- private sector public sector joint sector
Indian power sector
The India Power sector
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