This article throws light upon the fourteen main reasons for the survival of small firms. 1. Intense desire of individuals to be their own masters is a significant factor underlining the survival of small firms. The independent small entrepreneur works hard, solicits cooperation of his small labour force, builds up contacts in trade and gets rewards directly related to his [...]
After reading this article you will learn about the size of units in important industries of India:- 1. Cotton Textiles Industry 2. Jute Industry 3. Cement Industry 4. Paper Industry 5. Sugar Industry 6. Coal Industry 7. Iron and Steel Industry. Cotton Textiles Industry: A mill with not less than 1,000 looms and 35,000 spindles may be reckoned as an [...]
After reading this article you will learn about the economies and disadvantages of large firm. Economies of Large-Scale Operations: Different economies available to a large firm may be summed up as under: Technical Economies: 1. Large firms can install new machines, automatic appliance and adopt other means of superior technology because it is economical to do so if they are [...]