Development of small business contributes to large business, broad based industrialisation. So the Govt should encourage the establishment and development of small scale industries in India. Identify the values highlighted in this statement and the effect on the economy.
The values highlighted are as follows :
- Rapid growth of industries.
- Utilisation of local resources.
- Employment generation.
- Entrepreneurial development.
The effect of this suggestion will be the following:
- High rate of economic growth.
- Better standard of living.
- Removal of poverty.
- Development of trade, commerce and business.