Question

Q34. Define large scale industry? And its requirements?​

Answer 1

Answer:

The term "large-scale industry" refers to factories that combine at least three characteristics:

1. Use of machinery.

2. Employment of wage labor

3. The application of regulatory measures such as the Factory Act or      

   Disputes Act.

Their requirements are as follows:

1. They should provide an impetus to the industrialization of the country.

2. Large scale industries should produce capital and basic goods (instruments, machines, chemicals, etc.)

3. They should be capable of generating funds for the research and development of new technologies.

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