Overview of Agro-Base Industries
Chapter No.2 OVERVIEW OF AGRO-BASE INDUSTRIES 36 | P a g e Chapter No.2 OVERVIEW OF AGRO-BASE INDUSTRIES 2.1 WORLDWIDE TERMINOLOGY OF SMALL SCALE INDUSTRIES The definition of a small enterprise varies across countries, industries, agencies and authors. The “small enterprise” itself is used by different countries witth different nomenclatures such as small business, small firm and small industries and so on. Vepa (1988)6 has listed the various terminologies used in some countries (see Table 2.1). TABLE NO. 2.1 TERMINOLOGIES AND SCOPE OF SMALL INDUSTRY IN SELECT COUNTRIES Sr. Country Terminology Scope No. 1 Japan Small Manufacturing, Mining, Services, Enterprise Trading (Wholesale and Retail) 2 India Small Industry Manufacturing, Repair and Servicing 3 Korea Small Manufacturing, Mine, construction, Enterprise commerce 4 USA/Canada Small Manufacturing, services, trading Business 5 UK Small Firms Manufacturing, Commerce (Both retail and Wholesale) 6 Indonesia Small Industry Manufacturing, Servicing (Source : Vepa, R..K, (1988) Modern Small Industry in India, Sage Publications, New Delhi.) 6 Vepa, R..K, (1988) Modern Small Industry in India, Sage Publications, New Delhi. 37 | P a g e Atkins and Lowe (1997)7 noted that as many as 40 different definitions of small firms have been reported in the literature, and generally there appears to be very little consistency in criteria used to define small enterprises. The criteria are many, such as number of employees, annual sales revenue, value of fixed assets/plant and machinery and the management structure. In United States founds, the Small Business Administration, established in 1953, provided financial, technical and management assistance to help Americans to start, run and grow their businesses.
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