Arguments Favouring Small Industries | Industrial Engineering

This article throws light upon the four arguments favouring small industries:- 1. Employment Argument 2. Decentralisation Argument 3. The Latent Resources Argument 4. Social and Political Arguments. 1. Employment Argument: Small-scale industries will generate more employment with less capital investment. They operate according to labour- intensive methods and hence create higher promotion of employment per unit of capital invested. In [...]