After reading this article you will learn about:- 1. Concept of Localization 2. Causes of Localization of Industries 3. Advantages 4. Disadvantages. Concept of Localization: An industry concentrated in a certain locality is commonly described as a localized industry. For example, woolen carpet industry is localized in and around Mirzapur, brass work is being carried out in Moradabad, textile industry [...]
After reading this article you will learn about:- 1. Elements of Cost 2. Nature of Cost 3. Types. Elements of Cost: The costs of an industrial enterprise may be divided into three principle elements, namely: 1. Material. 2. Labour. 3. Expense. 1. Material Cost: It is the cost of commodities supplied to an undertaking. It is of two types: (a) [...]
After reading this article you will learn about:- 1. Meaning and Concept of Capital 2. Types of Capital 3. Features. Meaning and Concept of Capital: Capital is the life-blood of a business enterprise. It is a universal lubricant which keeps enterprise dynamic. Capital designates physical sources when applied to production and (it means) money when applied to finance. Its meaning, [...]