December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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Industrialisation and Economic Development | 211
the machine goods sector, engineering industries, and so on. In 1997–98, though
the public sector units accounted for only 7.0% of the number of factories in the
country, they employed 32% of the productive capital. Only 56% of the productive
capital is employed by the private sector units, which account for 91% of the total
number of factories. The high share of the public sector is accounted for by the fact
that investment made in this sector is largely heavy and basic industries are highly
capital intensive.
However, if we judge the contribution of dierent sectors in terms of
employment and ...
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