Question

$\mathbb{ \ \ Q\ U\ E\ S\ T\ I\ O\ N\: \: }$


Explain two features of Small Scale Industries. ​

Answer 1

Answer:

Ownership: Such units are generally under single ownership. So it is a sole proprietorship or sometimes a partnership. Management: Both the management and the control generally is with the owner/owners. So the owner is actively involved with the daily running of the business.

Answer 2

The two features of small scale industries are :

• Flexibility

Small-scale industries are flexible in their operation.

Small-scale industries are flexible in their operation. Labour intensive

• Small-scale industries are labour-intensive.

They provide an economic solution by creating employment opportunities in urban and rural areas at a relatively low cost of capital investment.

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