Question

Discuss the importance of large scale industries.

Answer 1

HEYAA...!
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Every country needs exploring of coal, iron and steel, exploring of oil and its purification, heavy machineries, heavy electrical equipments, heavy chemicals, ships and aero planes, industries of heavy and basic industries for its development. All these industries help to develop agriculture, transport, communication facilities and other industries. It means development of large scale industries is almost essential for the development of heavy and basic industries...

Answer 2

The importance of large scale industries:

Large Industries are very Important to the Various trades and Common functioning of Human life. The main importance of large scale industries are as follows:

• Improvement in Productivity

• Import Substitution

• Export Promotion

Productivity:

• In enormous scale ventures work is dispersed among the workers as per their proficiency which improves the profitability.

• These enterprises additionally utilise gigantic present-day capital which raises profitability and lessens cost per head.

Substitution:

• Because of the advancement of enormous scale ventures, every one of these wares is created inside the nation and there is no need for import which is known as import substitution.

Export Promotion:

• Because of the improvement of enormous scale ventures, we are presently ready to trade designing items, overwhelming electric items, and other modern items.

• It implies huge scale businesses have changed the example of fare and expanded the amount of fare.

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