a) Discuss any four points of importance of small-scale industries.
b) After independence, India adopted the system of mixed economy where both the 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 the private and public sectors co-exist and contribute to the development of the nation. Which value is reflected in such an economic system?
a. Importance of small-scale industries is as follows:
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 an 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. Importance of small-scale industries is as follows:
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 an 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.
