Question

The steel industry is a small-scale industry,​

Answer 1

Answer:

Small Scale Industries: Cottage or household industries are a type of small scale industry where the products are manufactured by hand, by the artisans.

· Small scale industries use very little capital.

· The craftsmen follow traditional methods while making their products and modern technology has no place here.

· The capital invested by small scale industries is very small.

· Basket weaving, Pottery, handicrafts, silk weaving, food processing and dress-making are all small-scale Industries

Answer 2

Question:-

The steel industry is a small-scale industry,

Answer:-

Industries can be classified according to their size

1. Small Scale Industries

2. Large Scale Industries

Size refers to the

Amount of Capital Invested

Number of People Employed

Volume of Production

Small Scale Industries: Cottage or household industries are a type of small scale industry where the products are manufactured by hand, by the artisans.

· Small scale industries use very little capital.

· The craftsmen follow traditional methods while making their products and modern technology has no place here.

· The capital invested by small scale industries is very small.

· Basket weaving, Pottery, handicrafts, silk weaving, food processing and dress-making are all small-scale Industries

Large Scale Industries: Large scale industries make huge investments and use modern technology in their manufacturing process.

· Large scale industries invest huge capitals.

· The technology used is very superior and the large quantities of the product are manufactured. Classification of Industries

· The labor force involved in large scale industries is also very large.

· Automobile industry, manufacture of consumer goods like Television sets, iron and steel industries can be classified under large scale industries.