differentiate between small scale industries on the basis of ownership
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Answer:
Small Scale Industries: Cottage or household industries are a type of small scale industry where the products are manufactured by hand, by the artisans.
· Small scale industries use very little capital.
· The craftsmen follow traditional methods while making their products and modern technology has no place here.
· The capital invested by small scale industries is very small.
· Basket weaving, Pottery, handicrafts, silk weaving, food processing and dress-making are all small-scale Industries
Large Scale Industries: Large scale industries make huge investments and use modern technology in their manufacturing process.
· Large scale industries invest huge capitals.
· The technology used is very superior and the large quantities of the product are manufactured. Classification of Industries
· The labor force involved in large scale industries is also very large.
· Automobile industry, manufacture of consumer goods like Television sets, iron and steel industries can be classified under large scale industries.