Question

utility of iron and steel industry for small and large scale producers​

Answer 1

Answer:

ɪɴᴅᴜsᴛʀɪᴇs ᴄᴀɴ ʙᴇ ᴄʟᴀssɪғɪᴇᴅ ᴀᴄᴄᴏʀᴅɪɴɢ ᴛᴏ ᴛʜᴇɪʀ sɪᴢᴇ

1.       sᴍᴀʟʟ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs

2.       ʟᴀʀɢᴇ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs

sɪᴢᴇ ʀᴇғᴇʀs ᴛᴏ ᴛʜᴇ

ᴀᴍᴏᴜɴᴛ ᴏғ ᴄᴀᴘɪᴛᴀʟ ɪɴᴠᴇsᴛᴇᴅ

ɴᴜᴍʙᴇʀ ᴏғ ᴘᴇᴏᴘʟᴇ ᴇᴍᴘʟᴏʏᴇᴅ

ᴠᴏʟᴜᴍᴇ ᴏғ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ

 

sᴍᴀʟʟ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs: ᴄᴏᴛᴛᴀɢᴇ ᴏʀ ʜᴏᴜsᴇʜᴏʟᴅ ɪɴᴅᴜsᴛʀɪᴇs ᴀʀᴇ ᴀ ᴛʏᴘᴇ ᴏғ sᴍᴀʟʟ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀʏ ᴡʜᴇʀᴇ ᴛʜᴇ ᴘʀᴏᴅᴜᴄᴛs ᴀʀᴇ ᴍᴀɴᴜғᴀᴄᴛᴜʀᴇᴅ ʙʏ ʜᴀɴᴅ, ʙʏ ᴛʜᴇ ᴀʀᴛɪsᴀɴs.

·         sᴍᴀʟʟ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs ᴜsᴇ ᴠᴇʀʏ ʟɪᴛᴛʟᴇ ᴄᴀᴘɪᴛᴀʟ.

·         ᴛʜᴇ ᴄʀᴀғᴛsᴍᴇɴ ғᴏʟʟᴏᴡ ᴛʀᴀᴅɪᴛɪᴏɴᴀʟ ᴍᴇᴛʜᴏᴅs ᴡʜɪʟᴇ ᴍᴀᴋɪɴɢ ᴛʜᴇɪʀ ᴘʀᴏᴅᴜᴄᴛs ᴀɴᴅ ᴍᴏᴅᴇʀɴ ᴛᴇᴄʜɴᴏʟᴏɢʏ ʜᴀs ɴᴏ ᴘʟᴀᴄᴇ ʜᴇʀᴇ.

·         ᴛʜᴇ ᴄᴀᴘɪᴛᴀʟ ɪɴᴠᴇsᴛᴇᴅ ʙʏ sᴍᴀʟʟ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs ɪs ᴠᴇʀʏ sᴍᴀʟʟ.

·         ʙᴀsᴋᴇᴛ ᴡᴇᴀᴠɪɴɢ, ᴘᴏᴛᴛᴇʀʏ, ʜᴀɴᴅɪᴄʀᴀғᴛs, sɪʟᴋ ᴡᴇᴀᴠɪɴɢ, ғᴏᴏᴅ ᴘʀᴏᴄᴇssɪɴɢ ᴀɴᴅ ᴅʀᴇss-ᴍᴀᴋɪɴɢ ᴀʀᴇ ᴀʟʟ sᴍᴀʟʟ-sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs

ʟᴀʀɢᴇ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs: ʟᴀʀɢᴇ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs ᴍᴀᴋᴇ ʜᴜɢᴇ ɪɴᴠᴇsᴛᴍᴇɴᴛs ᴀɴᴅ ᴜsᴇ ᴍᴏᴅᴇʀɴ ᴛᴇᴄʜɴᴏʟᴏɢʏ ɪɴ ᴛʜᴇɪʀ ᴍᴀɴᴜғᴀᴄᴛᴜʀɪɴɢ ᴘʀᴏᴄᴇss.

·         ʟᴀʀɢᴇ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs ɪɴᴠᴇsᴛ ʜᴜɢᴇ ᴄᴀᴘɪᴛᴀʟs.

·         ᴛʜᴇ ᴛᴇᴄʜɴᴏʟᴏɢʏ ᴜsᴇᴅ ɪs ᴠᴇʀʏ sᴜᴘᴇʀɪᴏʀ ᴀɴᴅ ᴛʜᴇ ʟᴀʀɢᴇ ǫᴜᴀɴᴛɪᴛɪᴇs ᴏғ ᴛʜᴇ ᴘʀᴏᴅᴜᴄᴛ ᴀʀᴇ ᴍᴀɴᴜғᴀᴄᴛᴜʀᴇᴅ. ᴄʟᴀssɪғɪᴄᴀᴛɪᴏɴ ᴏғ ɪɴᴅᴜsᴛʀɪᴇs

·         ᴛʜᴇ ʟᴀʙᴏʀ ғᴏʀᴄᴇ ɪɴᴠᴏʟᴠᴇᴅ ɪɴ ʟᴀʀɢᴇ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs ɪs ᴀʟsᴏ ᴠᴇʀʏ ʟᴀʀɢᴇ.

·         ᴀᴜᴛᴏᴍᴏʙɪʟᴇ ɪɴᴅᴜsᴛʀʏ, ᴍᴀɴᴜғᴀᴄᴛᴜʀᴇ ᴏғ ᴄᴏɴsᴜᴍᴇʀ ɢᴏᴏᴅs ʟɪᴋᴇ ᴛᴇʟᴇᴠɪsɪᴏɴ sᴇᴛs, ɪʀᴏɴ ᴀɴᴅ sᴛᴇᴇʟ ɪɴᴅᴜsᴛʀɪᴇs ᴄᴀɴ ʙᴇ ᴄʟᴀssɪғɪᴇᴅ ᴜɴᴅᴇʀ ʟᴀʀɢᴇ sᴄᴀʟᴇ ɪɴᴅᴜsᴛʀɪᴇs.