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State three characteristics of large scale industry. - Economics

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Question

State three characteristics of large scale industry.

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Solution

  1. Large-scale industries are mainly heavy and capital-intensive industries.
  2. These are high-tech industries where white collar workers make up a large share of the total workforce.
  3. Specialisation in production is a hallmark of large-scale industries.
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Chapter 8: Secondary Sector : Industry - QUESTION BANK [Page 126]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 8 Secondary Sector : Industry
QUESTION BANK | Q 7. | Page 126
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