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A tiny workshop with one loom versus a giant car plant. On what basis are industries classed as large, medium, small and cottage?
ASize, capital and labour
BType of product made
CRaw material they use
DOwnership of the firm
Answer & Solution
Correct answer: A. Size, capital and labour
1. Industries are classified many ways.
2. Size, capital investment and labour give large, medium, small and cottage.
3. Ownership gives public, private and joint sectors.
_Source: NCERT Class 12 Geography, India People and Economy, Chapter 8, Manufacturing Industries._
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