Micro, small and medium Enterprises play an important role in a country's economic and industrial development that is
(1) They have the capacity to absorb skilled and unskilled labour available in the country.
(2) Such institution provide lots of employment and allow income to get concentrated in few hands or in few areas.
(3)They help in eradication of poverty by providing self-employment opportunities.
Select the most appropriate
Micro, small and medium Enterprises play an important role in a country's economic and industrial development that is
(1) They have the capacity to absorb skilled and unskilled labour available in the country.
(2) Such institution provide lots of employment and allow income to get concentrated in few hands or in few areas.
(3)They help in eradication of poverty by providing self-employment opportunities.
Select the most appropriate
The correct option is D Only (1) & (3)
Micro, Small, and Medium Enterprises play a vital role in the
growth of an economy as they provide employment opportunities to the people of
rural areas and help in improving their economic as well as financial conditions.
SME promotes the work of both skilled and unskilled labour by providing them
employment opportunities in the respective sector where they can perform their work
for which they have got specialisation. Also, these enterprises help in the eradication
of poverty by promoting rural employment by creating self-employment opportunities
where people can run their own business which will help them earn their
livelihood. Thus, SME plays an important role in the eradication of poverty by
promoting skilled and unskilled labour. Hence, both options 1 and 3 are most
appropriate.
Micro, Small, and Medium Enterprises play a vital role in the growth of an economy as they provide employment opportunities to the people of rural areas and help in improving their economic as well as financial conditions. SME promotes the work of both skilled and unskilled labour by providing them employment opportunities in the respective sector where they can perform their work for which they have got specialisation. Also, these enterprises help in the eradication of poverty by promoting rural employment by creating self-employment opportunities where people can run their own business which will help them earn their livelihood. Thus, SME plays an important role in the eradication of poverty by promoting skilled and unskilled labour. Hence, both options 1 and 3 are most appropriate.
