Posts Tagged ‘economic activity’
The stage of economic development and the level of economic development and the level of economic activity determine the suitability of a form of business firm. In fact, a particular form of business firm play a dominant role in the economic activities at a particular stage of economic development. In other words, all forms of business firms play their due roles in the economic activities. The forms of business firms are mainly divided in to three categories like private sector, public sector and cooperative sector. When it comes to private sector, there are three forms like sole proprietorship, partnership, and joint stock companies. The two forms of public sector are departmental undertakings and statutory corporations. All the co-operative societies are comes under co-operative sector. The total business activity in the country is carried out in three sectors viz., private sector, public sector and co-operative sector.