Role of Small-Scale Industry ill Underdeveloped Countries

The small-scale industry has a special role to play in an under-developed country. Considering the resource position of the under-developed countries, the small-scale industries fit excellently in their development plans for several reasons: (i) They have a vast employment potential; (ii) Tile offer limitless opportunities for self-employment; (iii) They are capital-light and capital is what such countries lack; (iv) Riley promote capital formation: (v )They are  light.(I’i) They are import-light and cut the country’s import bill .(vii) Thy are quick-yielding so that inflationary pressures are contained: (viii) They promote decentralization of industries; (ix) The decentralized industries can bring· about even distribution of income and wealth; (x) They can lend valuable support to large-scale industries.(xi) By diverting surplus labor from land they can reduce pressure on land.

[av_button label='Get Any Economics Assignment Solved for US$ 55' link='manually,http://economicskey.com/buy-now' link_target='' color='red' custom_bg='#444444' custom_font='#ffffff' size='large' position='center' icon_select='yes' icon='ue859' font='entypo-fontello']

Share This