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Economics 11 Notes for Economics Notes

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Introduction to Industry

Industry is a group of a firm such as sole trading, partnership, joint stock etc.

Types of industries   Fixed capital investment  
Cottage industry   In small amount  
Small scale industry   Fixed up to – Rs 10 million  
Medium scale industry   Fixed between Rs 10 – 50 million  
Large scale industry   Fixed more than Rs 50 million  

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