Small Scale Industry require less amount of capital.
Justify the following statement :
Small Scale Industry require less amount of capital.
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1. The production of Small Scale Industries is less.
2. General unskilled labours are employed.
3. As production is less raw material requirement is also less.
4. In a place like India, where capital formation is low, small business is suitable.
5. Due to small in size, such form of business can easily adapt to changing atmosphere. This promotes flexibility. It can easily change their working style without much loss as compared to large businesses.
6. Thus, SSI requires less amount of capital.
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