explan relativeof small scale and large scale industry the growth prosess
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Large Scale Industries
A business can range from a single proprietor enterprise to a large corporation which employs thousands of workers across multiple countries. Based on the scale of business, organizations are classified as micro-enterprises, small-scale enterprises, large scale industries, public enterprises, and multinational corporations. In this article, we will take a quick peek at large scale industries.
Here are some advantages of large scale industries:
They provide an impetus to the industrialization of the country.
Large scale industries, usually, produce capital and basic goods (instruments, machines, chemicals, etc.)
They are capable of generating funds for the research and development of new technologies.
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