Question

State any four features of small scale industry.​

Answer 1

1)Ownership: They have a single owner. So it is also known as a sole proprietorship.

2)Management: All the management works are controlled by the owner.

3)Labor Intensive: Their dependency on technology is very little because they are dependent on labours and manpower.

4)Resources: They utilize local and immediately available resources. They do better utilization of natural resources and limited wastage.