Write down the two merits of Small Scale Business
Answers
Answer:
Small Scale Business have always played an important role in the economic development of the country.
Explanation:
Small Scale Industries have always played an important role in the economic development of the country. The following are the merits of Small Scale Industries:
1. Potential for large employment
Small Scale Industries have potential to create employment opportunities on a massive scale. They are labor intensive in character. They use more labor than other factors of production. They can be set up in short time and can provide employment opportunities to more number of people. This is important for a labor abundant country like India.
Advantages of Small Business Ownership
Independence. As a business owner, you're your own boss. ...
Lifestyle. Owning a small business gives you certain lifestyle advantages. ...
Financial rewards. ...
Learning opportunities. ...
Creative freedom and personal satisfaction.