large scale industry is not a substitute of small scale industry in the indian economy.how do you view this statement?
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Large scale industry is not a substitute of small scale industry in the Indian economy. ... It uses labour intensive techniques of production and thus, helps in providing employment for the surplus labour in India. whereas large scale industries are capital intensive.
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Answered by
1
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Answer: Large scale industry is not a substitute of small scale industry in the Indian economy. ... It uses labour intensive techniques of production and thus, helps in providing employment for the surplus labour in India. whereas large scale industries are capital intensive
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