Which of the following is true in relation to role of small business in rural areas?
Which of the following is true in relation to role of small business in rural areas?
The correct option is B All of the above
The following are the major roles
that small business plays in rural areas:-
Employment:- Small-scale industries
are labor-intensive industries so they provide additional labour force that
helps in generating employment in the rural areas. Small Scale industries operate
with the aim of providing employment to those people who in rural areas who are
deprived of good opportunities.
Prevents Migration:- Usually, people
of rural areas migrate from rural to urban areas in search of better job opportunities.
But this can be stooped with the Establishment of small-scale industries, if
employment opportunities are provided to rural area people they will not shift
from rural to urban areas.
Improves economic conditions:- With
the establishment of small-scale industries the economic and financial conditions
of the economy can be improved especially for the people who are living in
rural areas. these industries play a major role in the reduction in income inequalities
and help in the development of industries and as well as the other sectors of
the economy.
The following are the major roles that small business plays in rural areas:-
Employment:- Small-scale industries are labor-intensive industries so they provide additional labour force that helps in generating employment in the rural areas. Small Scale industries operate with the aim of providing employment to those people who in rural areas who are deprived of good opportunities.
Prevents Migration:- Usually, people of rural areas migrate from rural to urban areas in search of better job opportunities. But this can be stooped with the Establishment of small-scale industries, if employment opportunities are provided to rural area people they will not shift from rural to urban areas.
Improves economic conditions:- With the establishment of small-scale industries the economic and financial conditions of the economy can be improved especially for the people who are living in rural areas. these industries play a major role in the reduction in income inequalities and help in the development of industries and as well as the other sectors of the economy.
