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What are the advantages and disadvantages of small scale industries in Indian economy?
Advantages of small scale industries are that they can be more personable. Small industries are better able to make their own rules than larger industries. Disadvantages are that they are often more expensive than large industries do have to fight to stay afloat.
What impact did the development of large business have on the economy of the US?
The development of large businesses helps people support their families. With the ability to work, they can provide food, clothing and housing.
What are the functions of development bank?
Development Banks have following functions: * Provision of Capital to Industries, which can play role in economic development. * Lends money to small scale industries. * Services of Mutual Funds * Funds raising schemes for development companies. * and much more.
Why the primary sector of the economy contribute a large proportion to total income in a country?
this happen when a country have no industries to manufacture their raw materials
What is large scale industry?
Large scale industries Large scale industries refers to those industries which require huge infrastructure, man power and a have influx of capital assets. The term 'large scale industries' is a generic one including various types of industries in its purview. All the heavy industries of India like the Iron and steel industry, textile industry, automobile manufacturing industry fall under the large scale industrial arena. However in recent years due to the IT boom and the huge amount of revenue generated by it the IT industry can also be included within the jurisdiction of the large scale industrial sector. Last but not the least the telecoms industry also forms and indispensable component of the large scale industrial sector of India. Indian economy is heavily dependent on these large industries for its economic growth, generation of foreign currency and for providing job opportunities to millions of Indians.
What are the advantages and disadvantages of small scale industries in Indian economy?
Advantages of small scale industries are that they can be more personable. Small industries are better able to make their own rules than larger industries. Disadvantages are that they are often more expensive than large industries do have to fight to stay afloat.
What accounts for much of Israel's economy?
A large portion of Israel's economy comes from tourism. Another large portion comes from Israel's high-tech industries.
What were the three major industries important to western development and how did they transform the western economy?
The three major industries crucial to western development were agriculture, mining, and railroads. Agriculture transformed the economy by enabling large-scale farming and attracting settlers, facilitating the establishment of towns and communities. Mining led to economic booms in areas like California and Nevada, driving population growth and infrastructure development. Railroads connected remote regions, facilitating trade and migration, which integrated the western economy into the national market.
What is the definition of industialization?
Industrialization is the process by which an economy shifts its primary focus from agriculture to manufacturing and other industries. It involves the widespread adoption of machinery, technology, and mass production methods to increase efficiency and output in the production of goods.
What impact did the development of large business have on the economy of the US?
The development of large businesses helps people support their families. With the ability to work, they can provide food, clothing and housing.
What are the functions of development?
The nine important functions of development banks in India are as follows:To promote and develop small-scale industries (SSI) in India.To finance the development of the housing sector in India.To facilitate the development of large-scale industries (LSI) in India.To help the development of agricultural sector and rural India.To enhance the foreign trade of India.To help to cure sick industrial units.To encourage the development of Indian entrepreneurs.To promote economic activities in backward regions of the country.To contribute in the growth of capital markets.
What industries were important in Liverpool England in the past?
Liverpool was a major port so a large part of the economy was related to shipping.
What are the functions of development bank?
Development Banks have following functions: * Provision of Capital to Industries, which can play role in economic development. * Lends money to small scale industries. * Services of Mutual Funds * Funds raising schemes for development companies. * and much more.
Why the primary sector of the economy contribute a large proportion to total income in a country?
this happen when a country have no industries to manufacture their raw materials
How did geography affect economic development of the three colonial regions?
The southeastern coast had a temperate climate which was a good economy for the plantations and crops. The North had industries for shipping and trading with Europe. The middle colonies had a large variety of land that allowed the growth of crops that did not fare well in the southeast.
Positvie and negative aspeys of Indian econmics?
The Indian economy has several positive aspects, including a large and youthful workforce, a growing middle class, and a diverse range of industries that contribute to its resilience and growth potential. However, it also faces significant challenges such as income inequality, poverty, and infrastructure deficits, which can hinder overall development. Additionally, bureaucratic inefficiencies and regulatory hurdles can impede business growth and foreign investment. Balancing these factors is crucial for sustainable economic progress.
What are the industries of the galapagos archipelago?
Tourism is the largest industry in the Galapagos islands. Fishing also plays a large part in the local economy and sustainability.
