3 features of small.industry
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. Labour intensive
. Flexibility
. One man show
. Localised operation
. Profit motive
These are the few features of small industry
Hope it will help you..☺️☺️
. Flexibility
. One man show
. Localised operation
. Profit motive
These are the few features of small industry
Hope it will help you..☺️☺️
Answered by
0
features are:
It is generally owned by a single entrepreneur or partnership.
Simple managerial structure : It is managed by owners only. Thus, can reap the benefits of direct motivation, secrecy, flexibility, etc.
Labour incentive techniques : There is pre-dominance of labour. These units use labour incentive techniques of production instead of mechanised methods of production.
Local area of operations : The operations of a unit are localised. It depends mainly on local resources but products are exported all over the world.
Simple technology : The machinery and equipments used for production of goods are operated manually and are not very sophisticated.
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