Globalization allow small businesses to take advantage of inexpensive labor and lower wholesale costs, like larger businesses. A small business can quickly turn into a lucrative enterprise if managed appropriately.
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Benjamin G. Almeda was a Filipino inventor known for his contributions to the development of appropriate technologies in the Philippines. He is credited with inventing the Almeda Cottage Industry (ACI) Technology, which aimed to empower rural communities by providing them with tools and equipment for small-scale production. Almeda's work focused on creating sustainable solutions for local industries, agriculture, and livelihoods, ultimately helping to improve the quality of life for many Filipinos.
A statement scale is a scale that makes a statement!! :) ;) :(
Economies of scale (costs decrease), diseconomies of scale (costs increase), constant returns to scale (costs stay the same)
Small scale industries have felt the impact of globalization. Because globalization puts everything on such a large scale, small businesses have struggled with things like obtaining credit, and finding a client base.
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Cottage industries are usually small units run at homes.When a cottage industry starts expanding,and begins to employ labourers with the increased used of machines and powers,it becomes small scale industry.
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There are three types of industry. They are cottage and small-scale industry medium and large-scale industry tourist industry
Mahatma Gandhi was interested in promoting cottage industries and small scale industries to erase the gap between urban and rural area .
Cottage industry or Home industry means the manufacturing of goods at home by hands, with small capital and on a small scale by the members of a family. In the past cottage industries played an important role in the economy of our country. They provided employment to a large number of people. The destruction of the cottage industries is one of the main causes of poverty in our country. In India cottage industries have a more important part to play than any other country. They can help a lot in solving the problem of unemployment and poverty. For more than four months in a year, our cultivators have no work to do. Cottage industries can give the cultivator useful employment during spare time. Cottage industries have some real and practical advantages. They make the best use of woman labour. They make the work joyful and pleasant. There is no corruption and no exploitation of the poor by the rich. In cottage Industries there is no fear of a quarrel between the labour and factory owner.
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The meaning of medium scale industries is industries that are in-between large scale and small scale industries. These are average industries that have a higher production capacity that small scale industries but lower than large scale industries.
Globalization- Growth to a global or worldwide scale; "the globalization of the communication industry"
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Globalization and imperialism both involve the spread of influence and control across borders, but they differ in their methods and goals. Globalization focuses on interconnectedness and mutual benefit, while imperialism often involves domination and exploitation. The impact on power and resources is complex, as globalization can lead to more equal distribution through trade and cooperation, while imperialism can concentrate power and resources in the hands of a few dominant nations or groups. Ultimately, the balance between globalization and imperialism shapes the distribution of power and resources on a global scale.