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What are Large Scale Industries?
Large Scale Industries – Definition: Large scale industries are those that employ more than 250 people. A large scale industry is an industry that employs a significant number of workers and produces a large amount of output. These industries are typically capital-intensive and also have a large impact on the economy. Therefore Large scale industries are important to the economy because they generate a significant amount of economic activity. They also provide employment for a large number of workers. In addition, these industries often have a spillover effect on other sectors of the economy, such as the supplier industries.
Type of Industries
- Agriculture, forestry, fishing, and also hunting
- Mining, quarrying, and oil and gas extraction
- Utilities
- Construction
- Manufacturing
- Wholesale trade
- Retail trade
- Transportation and warehousing
- Information
- Finance and insurance
- Real estate and rental and leasing
- Professional, scientific, and technical services
- Management of companies and enterprises
- Administrative and support and waste management and also remediation services
- Educational services
- Health care and social assistance
- Arts, entertainment, and recreation
- Accommodation and also food services
- Other services, except public administration
Definition of Large Scale Industries
Large scale industries are those that produce or distribute goods or services on a large scale. However this typically means that the industry has a large number of employees, produces a large amount of goods or services, or both.
Also read: Small Scale Industries
Advantages of Large Scale Industries
- There are a number of advantages to large-scale industries. Larger industries have more resources and can often produce products more cheaply and efficiently than smaller industries.
- They can also employ more people, which can lead to increased economic activity and job growth in the local community.
- Additionally, large industries can be more environmentally friendly and have stricter safety and quality control measures in place than smaller industries.
- Large scale production reduces the risk. Large scale production helps in reducing the cost and in getting economies of scale. However in large scale production, it is possible to produce more and also more at the same cost.
- Large scale production is more efficient than small scale production. The production output is more and the cost per unit is less.
Large Scale Industries Examples
Some examples of large scale industries are the automobile industry, the steel industry, and also the oil industry.
Class 12 Geography NCERT Solutions Chapter 8 Manufacturing Industries
FAQs on Large Scale Industries
Some of the benefits of large-scale industries include the generation of jobs, the provision of goods and services, and the generation of tax revenue. Additionally, large-scale industries can have a positive effect on a region's economy by attracting other businesses and creating a multiplier effect.
A large scale industry is an industry that employs a significant number of workers and produces a large amount of output.
Some examples of large scale industries are the automobile industry, the steel industry, and also the oil industry.
India's large scale industries includes those industries that contribute to the Indian economic growth. These are Iron and Steel Industry Textile Industry, Automobile Manufacturing Industry, Information and Technology (IT) industry, Telecom Industry. What are some of the benefits of large scale industries?
What is large scale industry?
What are large scale industries examples?
What are India's large scale industries?
