(a) Discuss any four points of importance of small-scale industries.
(b) After independence, India adopted the system of mixed economy where both private and public sectors co-exist and contribute to the development of the nation. Which value is reflected in such an economic system?
(a) Discuss any four points of importance of small-scale industries.
(b) After independence, India adopted the system of mixed economy where both private and public sectors co-exist and contribute to the development of the nation. Which value is reflected in such an economic system?
(a)
1. Employment generation.
2. Equitable distribution of national income.
3. Mobilisation of capital and entrepreneurial skills.
4. Regional dispersal of industries.
(b)
The value of the equitable distribution of opportunity is reflected in this case. The Indian economic system provides the opportunity to both private and government to use the resources and grow. However, the government will take care of the key sectors like defense, social development, health, education etc.
(a)
1. Employment generation.
2. Equitable distribution of national income.
3. Mobilisation of capital and entrepreneurial skills.
4. Regional dispersal of industries.
(b)
The value of the equitable distribution of opportunity is reflected in this case. The Indian economic system provides the opportunity to both private and government to use the resources and grow. However, the government will take care of the key sectors like defense, social development, health, education etc.
