What are small scale industries?
Understand the Problem
The question involves identifying types of industries and their characteristics, focusing on public sector industries, small scale industries, joint sector industries, and heavy industries.
Answer
Industries with low investment in plant and machinery, producing on a small scale.
Small scale industries are those where the investment in plant and machinery is less than a defined amount, typically on a smaller scale of production or service.
Answer for screen readers
Small scale industries are those where the investment in plant and machinery is less than a defined amount, typically on a smaller scale of production or service.
More Information
Small scale industries typically require less capital investment and fewer employees. They are crucial for economic development and employment generation.
Tips
A common mistake is confusing small scale industries with medium or large scale industries based on the size and complexity of operations.
Sources
- Characteristics of Small Scale Industries - BYJU'S - byjus.com
- Small Scale Industries (SSI) – Characteristics, Objectives ... - ClearTax - cleartax.in
- Small-Scale Industry, Since 1947 | Encyclopedia.com - encyclopedia.com
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