name the three different categories of industries classified on the basis of size .(explain with examples)
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Three different categories of industries classified on the basis of size are start-ups, small business, and large scale industries.
Startups are firms which are tiny and usually are started with an innovative idea or product. Small scale enterprises are started with less capital and have a lack of resources.
The profits earned are used to run and maintain such firms. Large scale enterprises, on the other hand, are capital intensive.
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