HISTORY Small scale INDUSTRIES
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History Of Small Scale Industries In The World
ByD.SRINIVAS REDDY
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Introduction:
Small scale industry is an small industry an independently owned and operated profit seeking enterprise
Fewer than 500 employees
Small scale industry is little in size, but have impact on world economy
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History:
Small business discovered was of about more than 4000 years ago.
Small business flourished in almost all ancient cultures
The Egyptians, Arabs, Babylonians, Jews, Greeks and Romans contained a substantial population of small business
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To protect the customers, Hammurabi, the king of Babylon introduced the first business laws
Adam Smith published "Wealth of Nations" in 1776
He was describing an economy in which local small business was virtually being the only economic entities
At beginnings of the known history of small business, the cottage industries thrived through the period
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The sub-Continent industry, suffered a serious set back Page during British rule
Indian industries not receive any patronage before Second World War
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Typical small business:
RETAILING: it's a traditional business where normally the owner is the boss and owner
SERVICES: such as legal and accounting, courier services and beauty parlors etc
Construction activity
Whole sale business
Financing, insurance and real estate
Transportation communication and public utilities
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Technological characteristics of SSI in developing countries:
Economies of scale
Technological base
Infrastructure base
Technological disparity
Learning
Industry differentials
Labour intensity
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Other institutions help to promote SSI:
National Small Industries Limited
Small Industries Development Organization
Small Industries Development Bank Of India
Small Industries-service Institute
Technical Consultancy Organization
Small Industries Development Corporation
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