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This particular classification of industry requires large amounts of capital, huge machines and modern and superior technology to manufacture goods. Employing huge number of employees like the iron and steel industry , the production is on a mass scale and is voluminous. Mention the type of industry to which this classification belong to
- a)Small Scale industries
- b)Medium Scale industries
- c)Large Scale industries
- d)Cottage industries
Correct answer is option 'C'. Can you explain this answer?
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This particular classification of industry requires large amounts of c...
If this much material is used and professionals are from different sectors surely it belongs to large scale industry.
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This particular classification of industry requires large amounts of c...
If this much material is used and professionals are from different sectors surely it belongs to large scale industry.
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This particular classification of industry requires large amounts of c...
Large Scale industries
Large scale industries refer to industries that require a significant amount of capital, use large machinery, and employ a large number of workers to manufacture goods. These industries operate on a mass scale and produce goods in large quantities. The iron and steel industry is a prime example of a large-scale industry.
1. Definition of Large Scale industries:
Large scale industries are characterized by their extensive use of capital, advanced technology, and massive production capacity. These industries typically produce goods in bulk and require substantial investments in machinery, equipment, and infrastructure.
2. Capital-intensive nature:
Large scale industries require a considerable amount of capital to set up and operate. The capital is used to purchase land, machinery, raw materials, and other required resources. Due to the high capital requirements, these industries often rely on external sources such as loans and investments.
3. Use of large machines:
Large scale industries utilize heavy machinery and equipment to carry out their production processes. These machines are often automated and capable of handling high volumes of raw materials and finished products. The use of such machinery increases the efficiency and productivity of the manufacturing process.
4. Modern and superior technology:
Large scale industries employ modern and superior technology to enhance their production capabilities. Advanced technologies such as robotics, computerized systems, and automation are utilized to streamline operations, reduce human errors, and increase output. This allows large scale industries to achieve economies of scale and remain competitive in the market.
5. Massive production and employment:
Large scale industries produce goods on a mass scale to meet the demands of the market. As a result, they require a significant workforce to operate and manage the production processes. These industries provide employment opportunities to a large number of individuals, contributing to economic growth and development.
6. Example: Iron and steel industry:
The iron and steel industry is a classic example of a large-scale industry. It involves the extraction of iron ore, which is then processed in large blast furnaces to produce steel. The production process requires heavy machinery, advanced technology, and a substantial workforce. The industry operates on a massive scale, producing large quantities of steel for various applications.
In conclusion, the classification described in the question belongs to large scale industries. These industries require significant capital, use large machines, employ a large number of workers, and operate on a mass scale to manufacture goods. The iron and steel industry serves as an example of such a large-scale industry.
Large scale industries refer to industries that require a significant amount of capital, use large machinery, and employ a large number of workers to manufacture goods. These industries operate on a mass scale and produce goods in large quantities. The iron and steel industry is a prime example of a large-scale industry.
1. Definition of Large Scale industries:
Large scale industries are characterized by their extensive use of capital, advanced technology, and massive production capacity. These industries typically produce goods in bulk and require substantial investments in machinery, equipment, and infrastructure.
2. Capital-intensive nature:
Large scale industries require a considerable amount of capital to set up and operate. The capital is used to purchase land, machinery, raw materials, and other required resources. Due to the high capital requirements, these industries often rely on external sources such as loans and investments.
3. Use of large machines:
Large scale industries utilize heavy machinery and equipment to carry out their production processes. These machines are often automated and capable of handling high volumes of raw materials and finished products. The use of such machinery increases the efficiency and productivity of the manufacturing process.
4. Modern and superior technology:
Large scale industries employ modern and superior technology to enhance their production capabilities. Advanced technologies such as robotics, computerized systems, and automation are utilized to streamline operations, reduce human errors, and increase output. This allows large scale industries to achieve economies of scale and remain competitive in the market.
5. Massive production and employment:
Large scale industries produce goods on a mass scale to meet the demands of the market. As a result, they require a significant workforce to operate and manage the production processes. These industries provide employment opportunities to a large number of individuals, contributing to economic growth and development.
6. Example: Iron and steel industry:
The iron and steel industry is a classic example of a large-scale industry. It involves the extraction of iron ore, which is then processed in large blast furnaces to produce steel. The production process requires heavy machinery, advanced technology, and a substantial workforce. The industry operates on a massive scale, producing large quantities of steel for various applications.
In conclusion, the classification described in the question belongs to large scale industries. These industries require significant capital, use large machines, employ a large number of workers, and operate on a mass scale to manufacture goods. The iron and steel industry serves as an example of such a large-scale industry.
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This particular classification of industry requires large amounts of capital, huge machines and modern and superior technology to manufacture goods. Employing huge number of employees like the iron and steel industry , the production is on a mass scale and is voluminous. Mention the type of industry to which this classification belong toa)Small Scale industriesb)Medium Scale industriesc)Large Scale industriesd)Cottage industriesCorrect answer is option 'C'. Can you explain this answer?
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This particular classification of industry requires large amounts of capital, huge machines and modern and superior technology to manufacture goods. Employing huge number of employees like the iron and steel industry , the production is on a mass scale and is voluminous. Mention the type of industry to which this classification belong toa)Small Scale industriesb)Medium Scale industriesc)Large Scale industriesd)Cottage industriesCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about This particular classification of industry requires large amounts of capital, huge machines and modern and superior technology to manufacture goods. Employing huge number of employees like the iron and steel industry , the production is on a mass scale and is voluminous. Mention the type of industry to which this classification belong toa)Small Scale industriesb)Medium Scale industriesc)Large Scale industriesd)Cottage industriesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for This particular classification of industry requires large amounts of capital, huge machines and modern and superior technology to manufacture goods. Employing huge number of employees like the iron and steel industry , the production is on a mass scale and is voluminous. Mention the type of industry to which this classification belong toa)Small Scale industriesb)Medium Scale industriesc)Large Scale industriesd)Cottage industriesCorrect answer is option 'C'. Can you explain this answer?.
This particular classification of industry requires large amounts of capital, huge machines and modern and superior technology to manufacture goods. Employing huge number of employees like the iron and steel industry , the production is on a mass scale and is voluminous. Mention the type of industry to which this classification belong toa)Small Scale industriesb)Medium Scale industriesc)Large Scale industriesd)Cottage industriesCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about This particular classification of industry requires large amounts of capital, huge machines and modern and superior technology to manufacture goods. Employing huge number of employees like the iron and steel industry , the production is on a mass scale and is voluminous. Mention the type of industry to which this classification belong toa)Small Scale industriesb)Medium Scale industriesc)Large Scale industriesd)Cottage industriesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for This particular classification of industry requires large amounts of capital, huge machines and modern and superior technology to manufacture goods. Employing huge number of employees like the iron and steel industry , the production is on a mass scale and is voluminous. Mention the type of industry to which this classification belong toa)Small Scale industriesb)Medium Scale industriesc)Large Scale industriesd)Cottage industriesCorrect answer is option 'C'. Can you explain this answer?.
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