define large scale and small scale industry?
Answers
Answer:
Large scale industry :Large scale industries are referred to as those industries that are having huge infrastructure, raw material, high manpower requirements and large capital requirements. Those organisations having a fixed asset of more than 10 crore rupees are considered to be large scale industries.
Small scale industry : Small scale industries are those industries in which the manufacturing, production and rendering of services are done on a small or micro scale. These industries make a one-time investment in machinery, plants, and industries, but it does not exceed Rs 1 Crore.
Explanation:
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Answer:
small scale industry have less capital and investment.
large scale industry have huge capital and investment.