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4 cards from this section. Quick, good the night before a test.
What defines small-scale industries?
Think of examples like handicrafts.
Give an example of a large-scale industry.
Consider industries that use a lot of machinery.
What is a characteristic of small-scale industries?
Think of examples such as handicrafts.
True or False: Public industries are owned by private individuals.
Consider who manages and funds public industries.
Discuss the advantages and disadvantages of small-scale industries vs. large-scale industries in an economic context.
Think about local vs. global impacts.
Analyze how a change in ownership structure (from private to public) might affect an industry’s performance.
Consider impacts on efficiency and governance.
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