What is the difference between Small Scale And Large Scale Industries?
The exact meaning of industrialisation is a process by which an increasing proportion of a country’s economic activity is involved in the industry. The basis of the division of the large-scale and small-scale industries is generally the size, capital resources, and labour of the individual unit.
The difference between small and large-scale industries is tabulated below.
Small scale industries | Large scale industries |
There are less capital and investment in small-scale industries | Large-scale industries have tremendous capital and investment |
Since they have low investment, small-scale industries do not have big machines | Large-scale industries have large and enormous machines |
Small-scale industries employ fewer employees, and most work is performed by workers | Machines do most work in large-scale industries |
Examples: cycles, handicraft | Examples: Cotton, iron |