Question

Is it an advantage or disadvantage to produce large quantities of raw

Answer 1

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: