History Of Small Scale Industries In The World

ByD.SRINIVAS REDDY

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

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

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

The sub-Continent industry, suffered a serious set back Page during British rule

Indian industries not receive any patronage before Second World War

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

Technological characteristics of SSI in developing countries:

Economies of scale

Technological base

Infrastructure base

Technological disparity

Learning

Industry differentials

Labour intensity

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