One example which is not associated wit cotton textile industry
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Expenses from previous years are also irrelevant. To recap, relevant costs are the future costs that will differ among alternatives. You might use the past costs to help you predict those future costs, but the past costs are otherwise irrelevant to the decision.
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Problems of Cotton Textile Industry:
Scarcity of Raw Cotton: Indian cotton textile industry suffered a lot as a result of partition because most of the long staple cotton growing areas went to Pakistan
Obsolete Machinery
Erratic Power Supply
Low Productivity of Labour
Strikes:
Stiff Competition
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