Business Studies

The industries which are organized on a small scale and produce, goods with the help of small machines, hired labour and power are called as _________.


ANSWER

small scale industries


SOLUTION
Small scale industries (SSIs) also known as MSMEs are defined & categorized by the Micro, Small & Medium Enterprises Development Act, 2006. The act categorizes different scale of industries on the basis of investment in plant & machinery in case of manufacturing industries and on the basis of investment in equipment in case of service sector industries.
The industries which are organized on a small scale and produce, goods with the help of small machines, hired labour and power are called as small scale industries.
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