ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology.

Detailed explanation-2: -Economical Production using Machinery-The large-scale industry usually installs the latest machinery, which helps in economical bulk production. The machinery works continuously, and enterprises reap the benefits.

Detailed explanation-3: -Large Scale manufacturing covers the establishments registered under factories Act 1934 or qualifying for registration (having 10 or more employees) including Repair and Service Industries. Small Scale manufacturing covers all such manufacturing establishments not covered in Large Scale manufacturing.

Detailed explanation-4: -Iron and steel industry, textile industry, manufacture of heavy machinery, locomotives and railway rolling stock, automobiles, shipbuilding are some examples of large scale industry.

Detailed explanation-5: -These industries, also known as heavy industries, are characterized by their use of large-scale production methods, heavy machinery, and significant capital investment. They are responsible for producing essential goods and services that modern society relies on, such as energy, transportation, and construction.