Give three characteristics of small scale industry
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• Labour IntensiveSmall Scale Industries are largely Labour Intensive. They provide a large number of employment opportunities for people in urban and rural areas with limited capital.• FlexibilitySmall-scale units are more flexible in their operation. Compared to large units, they are more change susceptible, responsive to social economic conditions and highly reactive. Their flexibility makes them best suited to constantly changing environment• OwnershipOwnership in the small scale Industries is with one Individual (one-man show) because it is mostly set up one Individual. In some of the units it run by a Partnership firm but the activities are carried out by one of the partners. So as they are the owner the decision-making is fast and innovative.
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