Mention 3 feature of small industries
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*small scale industries does not work on the policies of government
*It is also called unorganized sector
*Tax is not levied
*For example street vendors....
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small-businesscbse
The features of small scale industries are as follows:
Personal character : SSIs enjoy personal character.
It is generally owned by a single entrepreneur or partnership.
Simple managerial structure : It is managed by owners only. Thus, can reap the benefits of direct motivation, secrecy, flexibility, etc.
Labour incentive techniques : There is pre-dominance of labour. These units use labour incentive techniques of production instead of mechanised methods of production.
4.Local area of operations : The operations of a unit are localised. It depends mainly on local resources but products are exported all over the world.
The features of small scale industries are as follows:
Personal character : SSIs enjoy personal character.
It is generally owned by a single entrepreneur or partnership.
Simple managerial structure : It is managed by owners only. Thus, can reap the benefits of direct motivation, secrecy, flexibility, etc.
Labour incentive techniques : There is pre-dominance of labour. These units use labour incentive techniques of production instead of mechanised methods of production.
4.Local area of operations : The operations of a unit are localised. It depends mainly on local resources but products are exported all over the world.
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