Economics, Econometrics and Finance
3 years ago

Small-scale industries outperform factories in developing countries, impacting profit margins.

1 view
Problems in Economics
Chapter V: The Problem of Effectiveness and Planning of Capital Investments in Various Technological Modes of Production

Paper Summary

The article compares small-scale industries with low mechanization to highly mechanized factory industries in developing countries. Small-scale industries can have higher output and value per unit of capital, but lower profits. Some industries have higher output and value with small-scale production, while others are more profitable with factory production.

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