Question
Classify industries on the basis of its size.
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Answer
- Small-scale Industries: They use lesser amount of capital and technology. Cottage or household industries are a type of small-scale industry where the products are manufactured by hand or by the artisans. e.g. Basket weaving, pottery and other handicrafts.
- Large-scale Industries: Produce large volumes of products. Investment of capital is higher and technology used is superior in large-scale industries. e.g. Production of automobiles and heavy machines.
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