Practicing Success
Which of the following options suits best in regard to small scale industries? |
They are labour intensive i.e. absorb more labour Suitable for the economy which is capital abundant They help in promoting urban development All of the above |
They are labour intensive i.e. absorb more labour |
Small scale industries are considered to be more labour intensive as compared to large scale industries. Thus, suitable for an economy which is labour abundant. In 1955, the village and small-scale industries committee, also called as Karve committee, noted the possibility of using small scale industries for promoting rural development. |