Business Studies

Micro, Small and Medium Enterprises play an important role in a country's economic and industrial development that is ____________.
(1)they have the capacity to absorb skilled and unskilled labour available in the country.
(2)such institutions provide lots of employment and allow income to get concentrated in few hands or in few areas.
(3)they help in eradication of poverty by providing self-employment opportunities.
Select the most appropriate:


ANSWER

Only (1) and (3)


SOLUTION
Micro, Small and Medium enterprises are defined by the investment done in the fixed assets. They are settled basically in rural areas of the country. They help to reduce regional imbalance. Hence, they have the capacity to absorb skilled and unskilled labour available in the country and also help in the eradication of poverty by providing self-employment opportunities.
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