Economics XI Content
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
|