(a) The contribution of small scale industries to employment and exports is substantial. The sector contributes over 40 per cent of the gross turnover in the manufacturing sector, 45 per cent of manufactured exports and 25 per cent of total exports. As in 2015.
(i) Not all service sectors are growing equally well. Service sector in India employs different kinds of people.
(ii) At one end, there are limited number of services that employ highly...
Large Scale Industries :
(i) Manufacture large quantities of finished goods.
(ii) The quantity of raw material and capital investment is large.
(iii) Example: Iron and steel industry, cotton textile industry.
Small Scale Industries...
Manufacturing Sector:
Production of goods in large quantities after processing from raw materials to more valuable products is called manufacturing.
It is considered as the backbone of development because:
(i) It not...
Large Scale Industries:
(i) Manufacture large quantities of finished goods.
(ii) The quantity of raw material and capital investment is large.
(iii) Example: Iron and steel industry, cotton textile industry.
Small Scale Industries:...
(a) The share of the tertiary sector in the total GDP or Gross Domestic Product of India is increasing which is a sign of economic development. This reproduces the trend...
(b) SSI contribution to Indian exports is 35% and in the total manufacturing turnover contribute approximately 40%. Small scale, industries have a low capital output ratio and give employment to...
(i) Decentralization: When power is taken from central and state governments and is given to local government, it is called decentralization. The constitution was amended in 1992 to make the...
When a domestic product is valued at current prices it is called nominal domestic product and when it is valued at base year prices it is called Real Domestic Product.
Real Domestic...
Functional structure of organisation as all major functions can be performed well under separate specialised departments.
Advantages:
(i) Specialization: A functional structure leads to occupational specialization since emphasis is placed on specific...
