Advantage of Large-Scale Production:
(i) Economy of Specialized and Up-to-date Machinery
(ii) Economy of Labour:
(iii) Economies of Bulk buying and selling:
(iv) Economies of Overhead Charges:
Disadvantages of Large-scale Production:
(i) Less Supervision:
(ii) Individual Tastes Ignored:
(iii) Absence of Personal Element:
(iv) Possibility of Depression:
