Advantages associated with Small Scale Industries

Small scale industries can be characterized with the special feature of adopting the labor intensive approach for commodity production. As these industries lack capital, so they utilize the labor power for the production of goods. The main advantage of such a process lies in the absorption of the surplus amount of labor in the economy who were not being absorbed by the large and capital intensive industry. This, in turn, helps the system in scaling down the extent of unemployment as well as poverty.

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