Write the meaning and features of the small-scale industry. - Vidyadip

Question

Write the meaning and features of the small-scale industry.

✓

Answer

Small scale industries comprise of small enterprises who manufacture goods or services with the help of relatively smaller machines and a few workers and employees.
Features of the small-scale industry:
i. Both the management and the control generally is with the owner/owners. So the owner is actively involved with the daily running of the business.
ii. These small scale industries tend to use labour and manpower for their production activities. So their dependence on technology is pretty limited.
iii. These units are more adaptable to their changing business environment. So in case of sudden changes or unexpected developments, they are flexible enough to adapt and keep carrying on. Large industries do not have this advantage.
iv. They use local and readily available resources. This also helps the economy with better utilization of natural resources and less wastage.

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