economicsRecent studies point out that small producers in India need three elements to compete better in the market (a) better roads, power, water, raw material, marketing, and information network, (b) improvement and modernization of technology, and (c) timely availability to credit at reasonable interest rates. What are the things which can help small producers to compete better in the market?

Recent studies point out that small producers in India need three elements to compete better in the market (a) better roads, power, water, raw material, marketing, and information network, (b) improvement and modernization of technology, and (c) timely availability to credit at reasonable interest rates.


What are the things which can help small producers to compete better in the market?


  1. A
    Better technology
  2. B
    Credit
  3. C
    Transportation
  4. D
    All of the above 

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    Solution:

    Better technology, credit and transportation are the things which can help small producers to compete better in the market. Various things can help small producers compete better in the markets. For instance, better transportation and infrastructure facilities will help them purchase raw materials from cheap resources without stressing how far the resources are. This will also help them to sell their goods and services in markets with a high demand for those products to earn huge profits. Other things that will help them include water, power, marketing, timely credit availability at reasonable interest rates, and an information network. The third thing can be improvements and modernization of technology, which will take less time to produce a high volume of products at a time.
     
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