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Questions and Answers
What is a key characteristic of cottage industries?
What is a key characteristic of cottage industries?
Which type of industry is typically larger than a cottage industry but smaller than a large-scale industry?
Which type of industry is typically larger than a cottage industry but smaller than a large-scale industry?
What factor does NOT influence the location of industries?
What factor does NOT influence the location of industries?
Which type of industry is owned by the government or its agencies?
Which type of industry is owned by the government or its agencies?
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Which of the following best describes large-scale industries?
Which of the following best describes large-scale industries?
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What is a primary benefit provided by industries in the world economy?
What is a primary benefit provided by industries in the world economy?
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Which type of industry is characterized by using advanced techniques and employing a large workforce?
Which type of industry is characterized by using advanced techniques and employing a large workforce?
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How do small-scale industries typically differ from cottage industries?
How do small-scale industries typically differ from cottage industries?
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What primarily encourages the growth of small-scale and cottage industries?
What primarily encourages the growth of small-scale and cottage industries?
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Which factor does NOT significantly influence the location of industries?
Which factor does NOT significantly influence the location of industries?
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Study Notes
Need for Industries
- Industries are crucial for a country's economy, providing essential goods and services.
- They offer employment opportunities and improve the standard of living for people.
- Industries contribute to economic growth by processing raw materials, creating jobs, and increasing income.
- Industries bolster a country's economy by producing goods and services for foreign exchange.
Classification of Industries
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Basis of Size:
- Cottage industries are small-scale, often family-run businesses.
- Small-scale industries are larger than cottage industries, employing more people and using more capital.
- Large-scale industries are the largest, utilizing advanced technology, machinery, and a significant workforce.
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Basis of Ownership:
- Public sector industries are owned by the government (central or state). Examples include steel, coal, and oil industries.
- Private sector industries are owned by individuals or groups of individuals. Examples include numerous private businesses.
Cottage Industries
- Typically family-run businesses with traditional methods of production.
- Primarily found in rural areas.
- Handicrafts, pottery, jewellery, etc. are common products.
- Craftsmen use traditional techniques, and a small family often run the business.
Small-Scale Industries
- Use simple machinery and a relatively small workforce.
- Employ more people than those in cottage industries.
- Frequently produce products sold in local markets, sometimes exporting to other parts of the country.
- Frequently produce brassware, bicycles, and electronic goods, which are often sold in local markets.
Large-Scale Industries
- Characterized by the use of advanced machinery.
- Demand large investment capital, a skilled workforce, and specific resources & raw materials.
- Large-scale industries produce iron and steel, petrochemicals, cement, railway engines, automobiles, and textiles.
- Usually located in areas with plentiful labour, raw material, affordable transportation, and market accessibility.
- Significant examples, like Tata Steel, Locomotive works, and oil refineries.
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Description
This quiz explores the vital role industries play in a country's economy, focusing on their contributions to employment, economic growth, and standard of living. It also classifies industries based on size and ownership, providing insights into different industry types. Test your knowledge about how industries operate and influence economic development.
