discuss the role of small scale industries in the generation of employment and why they need protection for their growth
Answers
Answer:
1. Producers co-operative societies are formed to protect the interest of small producers by making available items of their need for production like raw materials, tools and equipments, machinery, etc. Handloom societies like APPCO, Bayanika, Haryana handloom, etc are examples of producer's cooperative.
2. For each of the sectors that we came across in this chapter, one should focus on employment and GDP because these determine the size of a country’s economy. A focus on employment and GDP helps determine two important things- per capita income and productivity. Hence, in each of the three sectors, employment rate and status, as well as its contribution to the GDP, help us understand how that particular sector is functioning and what needs to be done to initiate further growth in it.
Yes, the other issues which should be examined are –
→ Balanced regional development
→ Equality in income and wealth among the people of the country.
→ How to eradicate poverty
→ Modernization of technology
→ Self-reliance of the country
→ How to achieve surplus food production in the country.
Answer:
Small scale industries are important because it helps in increasing employment and economic development of India. It improves the growth of the country by increasing urban and rural growth. ... The industry is a sector in which the production of goods is a segment of the economy