Discuss the role of small business in india short answer
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SMALL BUSINESS.
Small Business which helps in the field of employment generation and economic development of country.These business have made a great contribution on employment. The government also gives special attribute towards small business they made different plans in this issue.
This type of business was more effective in rural areas.In this type of business ,the amount of capital invested was also less as compared to other business.To give an proper establishment to this type of business,we have to increase the volume of output and this was possible only when Numbers of worker was more.Because the amount of Invested capital was less,so the installation of new techniques can't be possible.
Role Of Small Business :
- In rural areas, chances of availability of labours are more.Because most of people in rural areas are farmer,labour and mostly their work are seasonal based.In that case small business was really helpful to them.
- Small business was also very helpful activity to artisan in rural areas.Due to lack of opportunities partition in rural area can not present their own creativity in front .This provide opportunities to their talents.
- With the establishment of small industry in rural area better utilisation of resources in rural areas are possible.(land,labour etc)
- Promotion of standard of living of rural areas people.After the establishment of small industry they get many facilities like employment,water,electricity,mean of transport etc.
Hope this may helps you✌️
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