Get premium membership and access questions with answers, video lessons as well as revision papers.
1. Many developing countries offer small market measured in terms of purchasing power. Thus small scale industries are smaller appropriate since large scale industries will find it difficult to operate economically on the basis of narrow domestic market.
2. Small scale industries have an advantage in employing relatively labour that is having a higher labour intensive production. This is important in developing countries which are labour surplus economies with a higher degree of open and disguised unemployment.
3. Less capital is required to start up small scale industries.
4. Risky new products are best tried out on small scale first.
5. Small scale industries encourage local entrepreneurship which provide a good balance to the high degree of foreign ownership prevalent in many developing countries.
6. Small scale industries may have a direct effect on income distribution by spreading economic purchasing power among a larger number of entrepreneurs.
7. Small scale industries contribute to economic independent since large scale industries require increased dependency on foreign aid.
Dullayo answered the question on July 26, 2018 at 14:07
- Explain the measures that can be taken to curb the challenges developing countries face in their industrial sectors(Solved)
Explain the measures that can be taken to curb the challenges developing countries face in their industrial sectors.
Date posted: July 26, 2018. Answers (1)
- Examine the key obstacles faced by developing countries in their industrial sectors(Solved)
Examine the key obstacles faced by developing countries in their industrial sectors.
Date posted: July 26, 2018. Answers (1)
- Let us say there is a sudden increase in demand in Kenya for Italian products. Explain how this increase will have an impact on the...(Solved)
Let us say there is a sudden increase in demand in Kenya for Italian products. Explain how this increase will have an impact on the money supply in Kenya's economy
Date posted: July 21, 2018. Answers (1)
- Outline functions of tender committee.
(Solved)
Outline functions of tender committee.
Date posted: July 16, 2018. Answers (1)
- Outline the functions of a Procuring Unit or procurement department in public organization.(Solved)
Outline the functions of a Procuring Unit or procurement department in public organization.
Date posted: July 16, 2018. Answers (1)
- Outline the Roles of the Accounting Officer
(Solved)
Outline the Roles of the Accounting Officer
Date posted: July 16, 2018. Answers (1)
- Outline reasons for the Termination of the Director General(Solved)
Outline reasons for the Termination of the Director General
Date posted: July 16, 2018. Answers (1)
- To what organizations is the PPDA act applicable to?
(Solved)
To what organizations is the PPDA act applicable to?
Date posted: July 16, 2018. Answers (1)
- Discuss Values of Good Procurement Governance
(Solved)
Discuss Values of Good Procurement Governance
Date posted: July 16, 2018. Answers (1)
- Explain the positive impacts of a rapidly growing population(Solved)
Explain the positive impacts of a rapidly growing population.
Date posted: July 16, 2018. Answers (1)
- With the aid of an appropriate example, explain what economists mean by the
term public good.(Solved)
With the aid of an appropriate example, explain what economists mean by the
term public good.
Date posted: July 9, 2018. Answers (1)
- Evaluate some of the other policies that government could use to reduce the
over-consumption of alcohol.(Solved)
Evaluate some of the other policies that government could use to reduce the
over-consumption of alcohol.
Date posted: July 9, 2018. Answers (1)
- Analyse the likely impact on consumer and producer surplus of the introduction of a minimum price for a unit of alcohol.(Solved)
Analyse the likely impact on consumer and producer surplus of the introduction of a minimum price for a unit of alcohol.
Date posted: July 9, 2018. Answers (1)
- With the aid of appropriate examples, explain the main features of oligopoly.(Solved)
With the aid of appropriate examples, explain the main features of oligopoly.
Date posted: July 9, 2018. Answers (1)
- Critically examine the assumption that firms will always aim to maximise profits.(Solved)
Critically examine the assumption that firms will always aim to maximise profits.
Date posted: July 9, 2018. Answers (1)
- Critically examine the view that advertising should be restricted not least because it is wasteful and distorts markets(Solved)
Critically examine the view that advertising should be restricted not least because it is wasteful and distorts markets
Date posted: July 9, 2018. Answers (1)
- Critically examine the view that setting a target for the rate of inflation does more harm than good.(Solved)
Critically examine the view that setting a target for the rate of inflation does more harm than good.
Date posted: July 9, 2018. Answers (1)
- Explain the difference between a rise in the general price level and a rise in the rate of inflation. (Solved)
Explain the difference between a rise in the general price level and a rise in the rate of inflation.
Date posted: July 9, 2018. Answers (1)
- Evaluate the view that economic growth should no longer be the main objective of government policy(Solved)
Evaluate the view that economic growth should no longer be the main objective of government policy
Date posted: July 9, 2018. Answers (1)
- Critically examine the response of the UK Government and the Bank of England to the recent credit crunch.(Solved)
Critically examine the response of the UK Government and the Bank of England to the recent credit crunch.
Date posted: July 9, 2018. Answers (1)