Which of the following correctly describes cooperative sector industries?
Owned by workers or suppliers sharing profits and losses
Cooperative sector industries are voluntary associations of individuals — typically workers, producers, suppliers, or consumers — who jointly own and democratically run an enterprise, sharing both its profits and losses.
Examples include Amul (a dairy producers' cooperative), sugar cooperatives in Maharashtra, and IFFCO (a fertiliser cooperative).
Cooperatives are distinct from public sector (government-owned), private sector (privately-owned for profit), and joint sector enterprises.
Options A, B, and D describe public sector, export-oriented, and joint-venture enterprises respectively — not cooperatives.
Hence, the correct answer is option C.
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Select the correct answer using the codes given below:
