In an economy, the sectors are classified into public and private on the basis of - (1) employment conditions (2) nature of economic activities (3) ownership of enterprises (4) use of raw materials
(3) ownership of enterprises Explanation: The classical breakdown of all economic sectors is: primary, secondary and tertiary. However, on the basis of ownership, the sectors are: business sector, private sector (privately run businesses), public sector (state sector) and voluntary sector.