Demonetization, a radical economic measure, refers to the sudden withdrawal of a nation’s currency unit from circulation and replacing it with new currency. The Indian government’s decision to
Measures to Promote Small Scale Industries in India Small Scale Industries have contributed a lot for the development of the economy of India. Still SSI face problems due
Role of SSI in Indian Economy Small scale industries play an important role for the development of Indian economy in many ways. About 60 to 70 percent of
Why are Public Enterprises set up? Public enterprises occupy an important position in the Indian economy. They were set up by the government to speed up the process
What is Small Scale Production? Small scale production refers to the production of a commodity with a small plant size firm. It requires less amount of capital and
Top 10 advantages of Industrial estates The following are some of the advantages due to industrial estates. 1. Economies of scale Units located in an industrial estate can
To promote industrial development, the Government of India has initiated several measures and provided various incentives. Setting up of industrial estates is one such measure. The government launched
Scale of Production The term, “Scale of production” refers to the size of the production unit of a firm or business. Depending on the size of production, it
Small Scale Industries do not enjoy much of the advantages enjoyed by large scale enterprises because of their nature and size. Though they have made significant contribution to
Though small scale industries have several advantages they suffer from the following demerits: Demerits or Disadvantages of Small Scale Industries 1. Lack economies of scale: SSI’s produce in
