Question

(i) What is a small scale industry?
(ii) State two advantages and two disadvantages of small scale industry.

Answer 1

hey frnd here is your answer..

i)) small scale industry :-- small scale industry are those industries in manufacturing and prodiving serives which done on small scale and these are also called as micro scale ...

ii)) advantages

◆ employment is opportunities

◆ requirement of less capital .

disadvantages

◆ no job security

◆ less wages or salaries

hope helps you

Answer 2

1) Small scale industries are small businesses that do not have a large output.

2) Advantages of small scale industries

1. Niche charm: Something made by a small scale producer feels much more special and unique than something that has been churned out along with thousands of identical items in a large factory.

2. Local flavor: Products made by small scale industries often have a recognizable – and often quirky – local feel to them that is characteristic of the area in which they were produced.

3. A humanizing element: small scale industries often have a very human face as customers can get to know the producers personally.

4. Traditional skill: Rather than using heavy duty machinery, items produced by small scale industries are often produced using traditional skills such as weaving, carving or hand painting. These skills are valuable and make the products more precious.

5. An alternative economy: For people who do not like to hand over their money to large corporations (perhaps because they disagree with that corporation’s values or their way of acting in the world), small scale industries provide an alternative source of goods and services.

Disadvantages of small scale industries

1. Difficulty with meeting demand: When products are in high demand, small scale industries can often struggle to increase their output sufficiently to meet that demand.

2. Geographically restricted: Small scale industries may be concentrated in a particular town or even in one single building. This can limit their ability to become household names across the globe.

3. Less financial power: Small scale industries usually deal with less money (both in terms of ingoings and outgoings) than larger factories and so have less financial weight.

4. Access to machinery: Small scale industries usually do not have the space or the money to use large scale machinery. However, they may have access to expensive, specialized equipment.

5. A niche business: What makes the products of small scale industries attractive to some – i.e. their nicheness and uniqueness – may make them less attractive to others. Small scale industries often do not have the capacity to please all tastes.