Question

High capital, high level of technology and large number of labourers is the characteristic of which kind of industry?

• A. Small scale industry
• B. Large scale industry
• C. Cottage industry
• D. All of these

Answer 1

Answer: (B)

Large scale industry

Small scale industries and cottage industries are local industries with a very low level of capital and due to that they can't afford high level of technology or high number of skilled labourers. Basically these industries are designed for small profits and have not got any long future goals. On the other hand large scale industries requires high capital, high level of technology and large number of labourers for better profits and long term goals.