MP Board · Class 8 · Social Science · IndustriesAn industry owned and operated by the producers or suppliers of raw materials, workers, or both is known as:
Step-by-Step Solution
Cooperative sector industries are owned and operated by the producers or suppliers of raw materials, workers, or both. Examples include Anand Milk Union Limited (AMUL) and Sudha Dairy.
Detailed Options Breakdown
Option : Private sector industry
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Industries.
Option 1: Public sector industry
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Industries.
Option 2: Cooperative sector industry (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Joint sector industry
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Industries.
💡 Study Guide: This question tests core syllabus concepts from Industries. For formulas, key summaries, and mock exam reference guides, read the full Industries Revision Notes.